Federal Court Freezes the Assets of Florida Resident Beau Diamond and Diamond Ventures LLC, Charged by the CFTC with Operating a $37 Million Dollar Forex Fraud Fraud

CFTC release 5711-09 · 2009-09-05 · view on cftc.gov ↗

Key facts

Release number: 5711-09
Release date: 2009-09-05
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5711-09

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.