California Federal Court Orders Paul Abad and His Companies to Pay More than $860,000 in Restitution and a Civil Monetary Penalty to Settle Commodity Pool Fraud Action Fraud

CFTC release 5958-10 · 2010-12-28 · view on cftc.gov ↗

Key facts

Release number: 5958-10
Release date: 2010-12-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5958-10

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.