Federal Court Order Freezes Assets of Texas Resident George D. Hudgins in CFTC Anti-Fraud Action Fraud

CFTC release 5500-08 · 2008-05-22 · view on cftc.gov ↗

Key facts

Release number
5500-08
Release date
2008-05-22
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5500-08

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.