# 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

> CFTC release 5412-07 · 2007-11-15 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5412-07, "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", 2007-11-15. Retrieved via AI Analytics 2026-05-25 from https://api.ai-analytics.org/cftc-action/5412-07.

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