Federal Court Orders Former Alabama Resident John David Stroud and His Companies to Pay More than $4.7 Million in Restitution and a Civil Monetary Penalty for Committing Commodity Pool Fraud and Misappropriation Fraud

CFTC release 7346-16 · 2016-03-23 · view on cftc.gov ↗

Key facts

Release number: 7346-16
Release date: 2016-03-23
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7346-16

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.