CFTC Charges California Resident Victor Yu and His Company, VFRS, LLC, with Multi-Million Dollar Forex Fraud and Failure to Register as a Commodity Trading Advisor Fraud

CFTC release 6320-12 · 2012-07-31 · view on cftc.gov ↗

Key facts

Release number: 6320-12
Release date: 2012-07-31
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6320-12

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.