# 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

> CFTC release 5805-10 · 2010-04-08 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 5805-10, "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", 2010-04-08. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/cftc-action/5805-10.

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