U.S. Commodity Futures Trading Commission Charges South Carolinian Albert E. Parish, Jr. and His Company, Parish Economics, LLC in Multi-Million Dollar Commodity Pool Fraud Fraud

CFTC release 5320-07 · 2007-04-20 · view on cftc.gov ↗

Key facts

Release number: 5320-07
Release date: 2007-04-20
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5320-07

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.