CFTC Charges Grand Island, Nebraska Resident with Fraud and Records Violations in Connection with $4 Million Commodity Pool Fraud

CFTC release 6065-11 · 2011-07-01 · view on cftc.gov ↗

Key facts

Release number
6065-11
Release date
2011-07-01
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6065-11

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.