CFTC Charges Tennessee Resident and Las Vegas-based Firm with Fraud and Misappropriation in $20 Million Commodity Pool Ponzi Scheme Fraud

CFTC release 5634-09 · 2009-03-13 · view on cftc.gov ↗

Key facts

Release number
5634-09
Release date
2009-03-13
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5634-09

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.