CFTC Settles Action against Douglas Elsworth Wilson and Three California Companies for Solicitation Fraud, Misappropriating Customer Funds, and Issuing False Statements in Commodity Futures and Forex Scheme Fraud

CFTC release 6325-12 · 2012-08-14 · view on cftc.gov ↗

Key facts

Release number: 6325-12
Release date: 2012-08-14
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6325-12

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.