Pennsylvania Resident Gary Scholze Ordered to Pay $1 Million Civil Monetary Penalty in Commodity Futures and Options Anti-Fraud Case Fraud

CFTC release 5550-08 · 2008-09-19 · view on cftc.gov ↗

Key facts

Release number
5550-08
Release date
2008-09-19
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5550-08

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.