New York Court Enters Order Imposing a $240,000 Fine and Other Sanctions against New York State Resident Michael Vitebsky in a Foreign Currency Scam Other enforcement

CFTC release 5646-09 · 2009-04-10 · view on cftc.gov ↗

Key facts

Release number: 5646-09
Release date: 2009-04-10
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5646-09

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.