CFTC Obtains Permanent Injunction in Fraud Action Against New York Hedge Fund Operator Cornerstone Capital Management, LLC and its Principal, Atlanta Resident Joseph T. Profit II Fraud

CFTC release 5412-07 · 2007-11-15 · view on cftc.gov ↗

Key facts

Release number: 5412-07
Release date: 2007-11-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5412-07

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.