CFTC Charges Michael Derrick Peninger and His Company, CSA Trading Group, Inc., With Fraud and Misappropriation in $1 Million Commodity Pool Scam Fraud

CFTC release 5559-08 · 2008-10-02 · view on cftc.gov ↗

Key facts

Release number
5559-08
Release date
2008-10-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5559-08

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.