Federal Court in Nebraska Orders Omaha Resident Michael J. Welke to Pay $387,000 to Settle Commodity Pool Fraud Charges Fraud

CFTC release 6516-13 · 2013-02-14 · view on cftc.gov ↗

Key facts

Release number
6516-13
Release date
2013-02-14
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/6516-13

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.