# CFTC Orders Brooklyn-Based Commodity Pool Operator and its Principal to Pay $1,350,000 in Restitution and Civil Monetary Penalties for Fraud, Misappropriation, and Furnishing False Documents to the National Futures Association

> CFTC release 5589-08 · 2008-12-20 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5589-08
- **Release date:** 2008-12-20
- **Type:** Fraud
- **Title:** CFTC Orders Brooklyn-Based Commodity Pool Operator and its Principal to Pay $1,350,000 in Restitution and Civil Monetary Penalties for Fraud, Misappropriation, and Furnishing False Documents to the National Futures Association
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5589-08

## 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 5589-08, "CFTC Orders Brooklyn-Based Commodity Pool Operator and its Principal to Pay $1,350,000 in Restitution and Civil Monetary Penalties for Fraud, Misappropriation, and Furnishing False Documents to the National Futures Association", 2008-12-20. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/5589-08.

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