U.S. District Court Orders George Heffernan, a/k/a George W. Marshall, to Pay $650,000 in Sanctions in Federal CFTC Action Involving Fraudulent Trading Commodity Advice and Services Fraud

CFTC release 5482-08 · 2008-04-10 · view on cftc.gov ↗

Key facts

Release number: 5482-08
Release date: 2008-04-10
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5482-08

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.