# Michigan Resident Ordered To Pay More Than $300,000 in Sanctions for Defrauding Clients

> CFTC release 5654-09 · 2009-05-14 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5654-09
- **Release date:** 2009-05-14
- **Type:** Other enforcement
- **Title:** Michigan Resident Ordered To Pay More Than $300,000 in Sanctions for Defrauding Clients
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5654-09

## 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 5654-09, "Michigan Resident Ordered To Pay More Than $300,000 in Sanctions for Defrauding Clients", 2009-05-14. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/cftc-action/5654-09.

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