CFTC Wins Fraud Trial against Florida-Based Precious Metals Traders Robert Escobio, Southern Trust Metals, and Loreley Overseas Corporation Fraud

CFTC release 7437-16 · 2016-09-02 · view on cftc.gov ↗

Key facts

Release number
7437-16
Release date
2016-09-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7437-16

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.