California Federal Court Orders Resident Brett E. Lovett to Pay More Than $635,000 in Sanctions in Fraud Action Brought by the CFTC Fraud

CFTC release 5416-07 · 2007-11-30 · view on cftc.gov ↗

Key facts

Release number
5416-07
Release date
2007-11-30
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5416-07

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.