Federal Court Orders Wisconsin Resident Eric N. Schmickle and his Company, Q Wealth Management Inc., to Pay over $5 Million in Restitution and a Civil Monetary Penalty for a Multi-Million Dollar Commodity Futures Fraud Fraud

CFTC release 6572-13 · 2013-04-24 · view on cftc.gov ↗

Key facts

Release number: 6572-13
Release date: 2013-04-24
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6572-13

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.