# 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

> CFTC release 5571-08 · 2008-11-19 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5571-08, "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", 2008-11-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5571-08.

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