Federal Court in Texas Orders Dallas-based Steven Lyn Scott to Pay $766,625.30 in Restitution and a $700,000 Penalty to Settle Charges of Solicitation Fraud, Misappropriation, and Registration Violations in Connection with a Forex Commodity Pool Scheme Fraud

CFTC release 7091-14 · 2014-12-23 · view on cftc.gov ↗

Key facts

Release number: 7091-14
Release date: 2014-12-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7091-14

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.