CFTC Charges GID Group, Inc., Rodney and Roger Wagner with Fraud and Misappropriation in Connection with a $5.5 Million Forex Ponzi Scheme Fraud

CFTC release 6137-11 · 2011-11-10 · view on cftc.gov ↗

Key facts

Release number
6137-11
Release date
2011-11-10
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6137-11

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.