# 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

> CFTC release 7346-16 · 2016-03-23 · **Fraud** · ENFORCEMENT

## Key facts

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

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7346-16, "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", 2016-03-23. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/7346-16.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*