Hedge Fund Trader Paul Eustace and Philadelphia Alternative Asset Management Co. Ordered to Pay More Than $279 Million to Defrauded Customers and More than $20 Million in Civil Monetary Penalties in CFTC Action Other enforcement

CFTC release 5531-08 · 2008-08-20 · view on cftc.gov ↗

Key facts

Release number: 5531-08
Release date: 2008-08-20
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5531-08

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.