CFTC Obtains Default Judgment Orders against Three Magee Family Members of Calgary, Alberta, Canada, for Commodity Pool Fraud Fraud

CFTC release 7394-16 · 2016-06-21 · view on cftc.gov ↗

Key facts

Release number
7394-16
Release date
2016-06-21
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7394-16

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.