CFTC Charges Douglas Elsworth Wilson and Three California Companies with Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Multi-Million Dollar Commodity Futures and Forex Scheme Fraud

CFTC release 6096-11 · 2011-08-23 · view on cftc.gov ↗

Key facts

Release number: 6096-11
Release date: 2011-08-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6096-11

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.