Federal Court Orders North Carolina Resident Carl David Wright to Pay a $1 Million Civil Penalty for Commodity Pool Fraud Fraud

CFTC release 7196-15 · 2015-07-11 · view on cftc.gov ↗

Key facts

Release number
7196-15
Release date
2015-07-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7196-15

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.