CFTC Charges North Carolina Foreign Currency Firm Barki, LLC and Its Recently Deceased Principal Bruce C. Kramer In Alleged $40 Million Ponzi Fraud Fraud

CFTC release 5635-09 · 2009-03-19 · view on cftc.gov ↗

Key facts

Release number
5635-09
Release date
2009-03-19
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5635-09

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.