CFTC Obtains Default Judgment and Permanent Injunction against California Resident Michael J. Leighton for Defrauding Commodity Pool Participants Commodity pool fraud

CFTC release 6645-13 · 2013-07-13 · view on cftc.gov ↗

Key facts

Release number: 6645-13
Release date: 2013-07-13
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6645-13

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.