Federal Court in Florida Imposes over $35 Million in Sanctions against Florida Company AmeriFirst Management LLC and its Principals, John P. D’Onofrio, George E. Sarafianos, and Scott D. Piccininni, for Fraudulent Precious Metals Scheme Fraud

CFTC release 6973-14 · 2014-08-08 · view on cftc.gov ↗

Key facts

Release number: 6973-14
Release date: 2014-08-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6973-14

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.