Federal Court Orders More than $16.2 Million in Customer Restitution and Monetary Penalties against Texas Defendants Scott P. Kear, Sr., Jeffery L. Lyon and their Firms in CFTC Anti-Fraud Action Fraud

CFTC release 5927-10 · 2010-10-28 · view on cftc.gov ↗

Key facts

Release number: 5927-10
Release date: 2010-10-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5927-10

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.