CFTC Charges Florida-Based AmeriFirst Management LLC and Its Owners, John P. D’Onofrio, George E. Sarafianos, and Scott D. Piccininni, in Multi-Million Dollar Fraudulent Precious Metals Scheme Fraud

CFTC release 6655-13 · 2013-07-31 · view on cftc.gov ↗

Key facts

Release number: 6655-13
Release date: 2013-07-31
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6655-13

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.