CFTC Charges Calif. Company Arista LLC and Calif. Residents Abdul Sultan Walji and Reniero Francisco with Fraud in Operating $9.5 Million Commodity Pool Fraud

CFTC release 6460-12 · 2012-12-14 · view on cftc.gov ↗

Key facts

Release number
6460-12
Release date
2012-12-14
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6460-12

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.