# Illinois Resident Cameron Charles Ordered to Pay a $100,000 Civil Penalty and Submit to a Permanent Trading Ban in Connection with the Financial Collapse of Watseka Farmers Grain Co. Cooperative

> CFTC release 5513-08 · 2008-06-20 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5513-08
- **Release date:** 2008-06-20
- **Type:** Other enforcement
- **Title:** Illinois Resident Cameron Charles Ordered to Pay a $100,000 Civil Penalty and Submit to a Permanent Trading Ban in Connection with the Financial Collapse of Watseka Farmers Grain Co. Cooperative
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5513-08

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5513-08, "Illinois Resident Cameron Charles Ordered to Pay a $100,000 Civil Penalty and Submit to a Permanent Trading Ban in Connection with the Financial Collapse of Watseka Farmers Grain Co. Cooperative", 2008-06-20. Retrieved via AI Analytics 2026-06-06 from https://api.ai-analytics.org/cftc-action/5513-08.

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