Federal Court Orders Arizona Resident Ray Thomas Brown to Pay over $1.2 Million for Solicitation Fraud and Misappropriation in Operating Two Commodity Scams Fraud

CFTC release 6870-14 · 2014-03-01 · view on cftc.gov ↗

Key facts

Release number: 6870-14
Release date: 2014-03-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6870-14

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.