CFTC Charges Ray Thomas Brown with Fraud, Misappropriation, and Registration Violations in Operating Two Commodity Pool Scams Fraud

CFTC release 6448-12 · 2012-12-07 · view on cftc.gov ↗

Key facts

Release number: 6448-12
Release date: 2012-12-07
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6448-12

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.