# Western Virginia Man Found Guilty of 37 Counts Related to Defrauding Commodity Pool Investors out of Millions

> CFTC release 5567-08 · 2008-10-25 · **Commodity pool fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5567-08
- **Release date:** 2008-10-25
- **Type:** Commodity pool fraud
- **Title:** Western Virginia Man Found Guilty of 37 Counts Related to Defrauding Commodity Pool Investors out of Millions
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5567-08

## 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 5567-08, "Western Virginia Man Found Guilty of 37 Counts Related to Defrauding Commodity Pool Investors out of Millions", 2008-10-25. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5567-08.

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