CFTC Orders David R. Lynch to Pay More than $470,000 in Restitution and a Civil Monetary Penalty to Settle Charges of Fraudulent Misappropriation, Fraudulent Solicitations, and False Statements Fraud

CFTC release 6793-13 · 2013-12-13 · view on cftc.gov ↗

Key facts

Release number: 6793-13
Release date: 2013-12-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6793-13

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.