Federal Court Freezes Assets of Texas Trading Firms M25 Investments, Inc. and M37 Investments, LLC, and Scott Kear, Sr., Jeffrey Lyon and David Seaman, Charged by the CFTC with an $8 Million Forex Fraud Fraud

CFTC release 5723-09 · 2009-10-01 · view on cftc.gov ↗

Key facts

Release number: 5723-09
Release date: 2009-10-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5723-09

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.