# CFTC Obtains Default Judgment against New York-based SK Madison Commodities, LLC and its Principals, Michael James Seward and Yan Kaziyev, for Commodity Pool Fraud and Other Violations

> CFTC release 6947-14 · 2014-06-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6947-14
- **Release date:** 2014-06-12
- **Type:** Fraud
- **Title:** CFTC Obtains Default Judgment against New York-based SK Madison Commodities, LLC and its Principals, Michael James Seward and Yan Kaziyev, for Commodity Pool Fraud and Other Violations
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6947-14

## 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 6947-14, "CFTC Obtains Default Judgment against New York-based SK Madison Commodities, LLC and its Principals, Michael James Seward and Yan Kaziyev, for Commodity Pool Fraud and Other Violations", 2014-06-12. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6947-14.

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