Federal Court in Idaho Orders Brad Lee Demuzio and Demuzio Capital Management, LLC, to Pay over $3 Million in Connection with CFTC Commodity Pool Forex Fraud Action Fraud

CFTC release 6407-12 · 2012-11-02 · view on cftc.gov ↗

Key facts

Release number: 6407-12
Release date: 2012-11-02
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6407-12

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.