CFTC Charges Michael J. Leighton of Torrance, Calif., with $1.6 Million Commodity Pool Fraud Fraud

CFTC release 6256-12 · 2012-05-12 · view on cftc.gov ↗

Key facts

Release number
6256-12
Release date
2012-05-12
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6256-12

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.