CFTC Charges North Carolinian Roy Scarboro, Jr. with Solicitation Fraud and Misappropriating Customer Funds in Forex Scheme Fraud

CFTC release 6103-11 · 2011-09-02 · view on cftc.gov ↗

Key facts

Release number
6103-11
Release date
2011-09-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6103-11

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.