CFTC Obtains Default Judgment against Former Florida Resident Juvenal E. Machado and His Company, Invers Forex, LLC, for Off-Exchange Forex Scam Court judgment

CFTC release 6253-12 · 2012-05-09 · view on cftc.gov ↗

Key facts

Release number: 6253-12
Release date: 2012-05-09
Type: Court judgment
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6253-12

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.