# CFTC Charges Mirko “Mick” Schacke and his Nevada-based Company TradeMasters USA, LLC with Fraud and Failing to Register with the CFTC

> CFTC release 7429-16 · 2016-08-18 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7429-16
- **Release date:** 2016-08-18
- **Type:** Fraud
- **Title:** CFTC Charges Mirko “Mick” Schacke and his Nevada-based Company TradeMasters USA, LLC with Fraud and Failing to Register with the CFTC
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7429-16

## 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 7429-16, "CFTC Charges Mirko “Mick” Schacke and his Nevada-based Company TradeMasters USA, LLC with Fraud and Failing to Register with the CFTC", 2016-08-18. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/7429-16.

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