New Jersey Court Order Imposes More Than $30 Million in Sanctions against Coyt E. Murray, Tech Traders, Inc., Tech Traders, Ltd., Magnum Investments, Ltd., and Magnum Capital Investments, Ltd. in Anti-Fraud Action Brought by the CFTC Fraud

CFTC release 5357-07 · 2007-07-24 · view on cftc.gov ↗

Key facts

Release number: 5357-07
Release date: 2007-07-24
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5357-07

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.