CFTC Orders Florida-based Worth Asset Management and its Owner, Paul L. Kaulesar, to pay over $6.2 Million in Restitution and a Fine for Multi-Million Dollar Fraudulent Precious Metals Scheme Fraud

CFTC release 6859-14 · 2014-02-19 · view on cftc.gov ↗

Key facts

Release number: 6859-14
Release date: 2014-02-19
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6859-14

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.