Federal Court in Florida Orders Capital Blu Management, LLC, Donovan Davis Jr., Damien Bromfield, Blayne Davis and DD International Holdings, LLC to Pay More than $17 Million for Committing Fraud Fraud

CFTC release 6054-11 · 2011-06-16 · view on cftc.gov ↗

Key facts

Release number: 6054-11
Release date: 2011-06-16
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6054-11

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.