CFTC Settles Charges against Virginia Resident Alexander Giap for Engaging in Two Fraudulent Commodity Futures Trading Schemes Fraud

CFTC release 6474-12 · 2012-12-20 · view on cftc.gov ↗

Key facts

Release number
6474-12
Release date
2012-12-20
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6474-12

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.