# CFTC Charges California Man Patrick Dailey and His Texas Company with Fraud in Connection with a Multi-Million Dollar Commodity Pool

> CFTC release 5673-09 · 2009-07-08 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5673-09
- **Release date:** 2009-07-08
- **Type:** Fraud
- **Title:** CFTC Charges California Man Patrick Dailey and His Texas Company with Fraud in Connection with a Multi-Million Dollar Commodity Pool
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5673-09

## 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 5673-09, "CFTC Charges California Man Patrick Dailey and His Texas Company with Fraud in Connection with a Multi-Million Dollar Commodity Pool", 2009-07-08. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5673-09.

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