Federal Court in North Carolina Orders Mitchell Brian Huffman to Pay $2.1 Million Penalty for Defrauding Customers of More than $3.2 Million in Commodity Pool Scheme Commodity pool fraud

CFTC release 6891-14 · 2014-03-25 · view on cftc.gov ↗

Key facts

Release number: 6891-14
Release date: 2014-03-25
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6891-14

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.