Federal Court in New York Orders Madison Dean, Inc. and Its Principal, George Athanasatos, to Pay over $1.4 Million to Settle Forex Fraud Charges in CFTC Enforcement Action Fraud

CFTC release 6530-13 · 2013-03-12 · view on cftc.gov ↗

Key facts

Release number: 6530-13
Release date: 2013-03-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6530-13

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.