CFTC Orders Florida Firms, Joseph Glenn Commodities LLC and JGCF LLC, and Owners Scott Newcom and Anthony Pulieri to Pay over $1 Million in Restitution and Penalties for Fraudulent Off-Exchange Transactions in Precious Metals with Retail Customers Fraud

CFTC release 6542-13 · 2013-03-28 · view on cftc.gov ↗

Key facts

Release number: 6542-13
Release date: 2013-03-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6542-13

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.