California Federal Court Enters Order Granting Judgment against White Pine Trust Corporation and California Resident Stephan Baere in Foreign Currency Fraud Action Fraud

Key facts

Release number

5330-07

Release date

2007-05-04

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/5330-07

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.