Utah Resident Darren L. Shanks and His Firm, Forex Auto Profits, LLC, Ordered to Pay More than $2.9 Million in Fines and Restitution for Fraud and Misappropriation in Foreign Currency Scheme Fraud

CFTC release 5961-11 · 2011-01-08 · view on cftc.gov ↗

Key facts

Release number: 5961-11
Release date: 2011-01-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5961-11

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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.