CFTC Charges Former Energy Trader David P. Lee with Fraud for Mis-Marking Bank of Montreal’s Natural Gas Options Book to Exaggerate Trading Profitability; Kevin Cassidy and Others Charged with Assisting Lee in the Fraud Fraud

CFTC release 5571-08 · 2008-11-19 · view on cftc.gov ↗

Key facts

Release number: 5571-08
Release date: 2008-11-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5571-08

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.