Federal Court Orders North Carolina Residents Timothy Bailey and Michael Hudspeth, and their Company, PMC Strategy, LLC, to Pay over $1.8 Million for Fraud in Foreign Currency Ponzi Scheme Fraud

CFTC release 6569-13 · 2013-04-18 · view on cftc.gov ↗

Key facts

Release number: 6569-13
Release date: 2013-04-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6569-13

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.