CFTC Charges Hunter Wise Commodities, Lloyds Commodities, C.D. Hopkins Financial, United States Capital Trust, Newbridge Alliance, Blackstone Metals Group, and their Principals in Multi-Million Dollar Fraudulent Precious Metals Scheme Fraud

CFTC release 6447-12 · 2012-12-06 · view on cftc.gov ↗

Key facts

Release number: 6447-12
Release date: 2012-12-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6447-12

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.