CFTC Orders Florida Resident Anthony Lauria and His Company Gold Coast Bullion, Inc. to Pay More than $9.6 Million in Restitution and a Civil Monetary Penalty in Off-Exchange Precious Metals Fraud Fraud

CFTC release 7112-15 · 2015-01-27 · view on cftc.gov ↗

Key facts

Release number: 7112-15
Release date: 2015-01-27
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7112-15

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.