Fifteen Defendants from “Operation Wooden Nickel” Ordered by the Court to Pay Restitution, Return Ill-Gotten Gains, and Pay Fines Totaling over $25 Million Other enforcement
Key facts
- Release number
- 5265-06
- Release date
- 2006-12-20
- Type
- Other enforcement
- Primary source
- https://www.cftc.gov/PressRoom/PressReleases/5265-06
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.