Defendants in Fraud Action Brought by the U.S. Commodity Futures Trading Commission Ordered to Pay More than $14 Million in Civil Penalties and Disgorgement Fraud

CFTC release 5331-07 · 2007-05-05 · view on cftc.gov ↗

Key facts

Release number: 5331-07
Release date: 2007-05-05
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5331-07

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.