Nevada Firm Alliance Development Co. and William Snyder Ordered to Pay $3.65 Million in Restitution and Penalties for Operating a Commodity Pool Scam in CFTC Anti-Fraud Action Fraud

CFTC release 5582-08 · 2008-12-12 · view on cftc.gov ↗

Key facts

Release number: 5582-08
Release date: 2008-12-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5582-08

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.