CFTC Obtains Asset Freeze in Fraudulent Solicitation and Misappropriation Case Against International Foreign Currency Firm, Atwood & James, and Michael Kardonick Fraud

CFTC release 5605-09 · 2009-01-28 · view on cftc.gov ↗

Key facts

Release number: 5605-09
Release date: 2009-01-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5605-09

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.