Federal Court Orders Texas Resident Ray M. White and CRW Management LP to Pay More than $19 Million for Defrauding Customers and Misappropriating Millions of Dollars in Forex Fraud Fraud

Key facts

Release number

6122-11

Release date

2011-10-12

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/6122-11

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.