Federal Court Orders Alex Ekdeshman and Paramount Management, LLC, to Pay over $2.4 million in Restitution and a Fine for Fraudulent Foreign Currency Scheme Fraud

CFTC release 6690-13 · 2013-09-11 · view on cftc.gov ↗

Key facts

Release number: 6690-13
Release date: 2013-09-11
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6690-13

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.