Federal Court in New York Imposes a $26 Million Civil Monetary Penalty against Mark Evan Bloom and his Company, North Hills Management, LLC, for Commodity Pool Fraud Fraud

CFTC release 7130-15 · 2015-03-04 · view on cftc.gov ↗

Key facts

Release number: 7130-15
Release date: 2015-03-04
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7130-15

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.