CFTC Obtains Default Judgment against Christopher Smithers of Florida for Fraud in Connection with Futures Contracts, Fraud in Connection with Contracts of Sale of a Commodity in Interstate Commerce, and Violations of a U.S. District Court’s Prior Orders Fraud

CFTC release 6659-13 · 2013-08-03 · view on cftc.gov ↗

Key facts

Release number: 6659-13
Release date: 2013-08-03
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6659-13

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.