Federal Court Imposes Penalty and Restitution of More Than $1.3 Million against Manager at Worldwide Commodity Corporation in Commodity Options Fraud Case Fraud

Key facts

Release number

5293-07

Release date

2007-02-17

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5293-07

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.