CFTC Charges Illinois Resident Christopher Varlesi with Commodity Pool Fraud, Misappropriation, False Statements, and Failure to Register Fraud

CFTC release 6199-12 · 2012-03-10 · view on cftc.gov ↗

Key facts

Release number
6199-12
Release date
2012-03-10
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6199-12

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.