CFTC Charges Weston, Florida Man With Operating a $14 Million Dollar Fraudulent Commodities Scheme Fraud

CFTC release 5676-09 · 2009-07-15 · view on cftc.gov ↗

Key facts

Release number
5676-09
Release date
2009-07-15
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5676-09

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.