CFTC Forex Boiler Room Fraud Action Nets $3.4 Million in Sanctions Against “Richmond Global” and Vincent Danio; Defrauded Customers Lost More Than $1.7 Million Trading Forex Fraud

CFTC release 5429-07 · 2007-12-29 · view on cftc.gov ↗

Key facts

Release number: 5429-07
Release date: 2007-12-29
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5429-07

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.