CFTC Charges Pennsylvania Resident Gary Scholze with Fraud and Misappropriation of Customer Funds Fraud

CFTC release 5188-06 · 2006-06-21 · view on cftc.gov ↗

Key facts

Release number
5188-06
Release date
2006-06-21
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5188-06

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.