California Federal Court Orders Defendant to Pay Over $29 Million in CFTC Fraud Action Fraud

CFTC release 5261-06 · 2006-12-05 · view on cftc.gov ↗

Key facts

Release number
5261-06
Release date
2006-12-05
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5261-06

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.