Federal Court Issues Preliminary Injunction Against Florida Resident Beau Diamond and His Company, Diamond Ventures LLC, in CFTC Multi-Million Dollar Forex Fraud Action Fraud

CFTC release 5721-09 · 2009-09-24 · view on cftc.gov ↗

Key facts

Release number: 5721-09
Release date: 2009-09-24
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5721-09

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.