CFTC Charges Lions Wealth Holdings, Inc., Lions Wealth Services, Inc., 20/20 Precious Metals, Inc. and Bharat Adatia in Multi-Million Dollar Fraudulent Precious Metals Scheme Fraud

CFTC release 6729-13 · 2013-10-01 · view on cftc.gov ↗

Key facts

Release number: 6729-13
Release date: 2013-10-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6729-13

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.