# 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

> CFTC release 6859-14 · 2014-02-19 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 6859-14, "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", 2014-02-19. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/cftc-action/6859-14.

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