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

> CFTC release 7394-16 · 2016-06-21 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7394-16
- **Release date:** 2016-06-21
- **Type:** Fraud
- **Title:** CFTC Obtains Default Judgment Orders against Three Magee Family Members of Calgary, Alberta, Canada, for Commodity Pool Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7394-16

## 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 7394-16, "CFTC Obtains Default Judgment Orders against Three Magee Family Members of Calgary, Alberta, Canada, for Commodity Pool Fraud", 2016-06-21. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/7394-16.

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