Federal Court in New York Orders Marc Perlman and iGlobal Strategic Management, LLC to Pay over $2 Million for Solicitation Fraud and Misappropriation Involving Off-Exchange Foreign Currency and a Commodity Pool Ponzi Scheme Fraud

CFTC release 6432-12 · 2012-11-30 · view on cftc.gov ↗

Key facts

Release number: 6432-12
Release date: 2012-11-30
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6432-12

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.