Charles DeFazio And Galaxy Resources 2000, LLC to Pay $1.43 Million In Sanctions to Settle CFTC Pool Fraud Action Fraud

CFTC release 5456-08 · 2008-02-15 · view on cftc.gov ↗

Key facts

Release number
5456-08
Release date
2008-02-15
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5456-08

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.