Federal District Court Orders North Carolina Resident John Poole to Pay Civil Monetary Penalty for Fraudulently Promoting Commodity Trading System Fraud

CFTC release 5205-06 · 2006-07-26 · view on cftc.gov ↗

Key facts

Release number
5205-06
Release date
2006-07-26
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5205-06

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.