Texas Federal Court Orders Patrick Dailey and Strongbow Investments GP, LLC, to Pay More than $2.8 Million in Restitution and Civil Monetary Penalties in Connection with Multi-Million Dollar Commodity Pool Fraud Fraud

CFTC release 5953-10 · 2010-12-15 · view on cftc.gov ↗

Key facts

Release number: 5953-10
Release date: 2010-12-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5953-10

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.