# CFTC Orders New York Resident Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million for Commodity Futures Fraud

> CFTC release 7361-16 · 2016-04-13 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7361-16
- **Release date:** 2016-04-13
- **Type:** Fraud
- **Title:** CFTC Orders New York Resident Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million for Commodity Futures Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7361-16

## 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 7361-16, "CFTC Orders New York Resident Nathan Schleifer and Galileo Trading to Pay Restitution and Penalties Totaling More than $1.6 Million for Commodity Futures Fraud", 2016-04-13. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/cftc-action/7361-16.

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