CFTC Charges Ohio Resident Glen Galemmo with Commodity Pool Fraud in a Multi-Million Dollar Ponzi Scheme Fraud

CFTC release 7001-14 · 2014-09-17 · view on cftc.gov ↗

Key facts

Release number
7001-14
Release date
2014-09-17
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7001-14

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.