Charleston, South Carolina-based Defendants Ordered to Pay More than $3.9 Million in Restitution and Civil Penalties to Resolve 2008 CFTC Anti-Fraud Action Fraud

CFTC release 5805-10 · 2010-04-08 · view on cftc.gov ↗

Key facts

Release number: 5805-10
Release date: 2010-04-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5805-10

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.