Federal Court Orders Cindy and Paul Vandivier to Pay Civil Monetary Penalties and Restitution of Almost $3 Million to Settle CFTC Charges of Operating an Illegal, Off-Exchange Precious Metals Scheme Settlement

CFTC release 7323-16 · 2016-02-10 · view on cftc.gov ↗

Key facts

Release number: 7323-16
Release date: 2016-02-10
Type: Settlement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7323-16

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.