Federal Court in Texas Orders Rodney Wagner and Roger Wagner, and their company GID Group, Inc., to Pay Over $2.4 Million for Fraud in Foreign Currency (Forex) Ponzi Scheme Fraud

CFTC release 6511-13 · 2013-02-07 · view on cftc.gov ↗

Key facts

Release number: 6511-13
Release date: 2013-02-07
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6511-13

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.