Federal Court in North Carolina Orders James A. Shepherd and His Company, James A. Shepherd Inc., to Pay More than $15 Million in a Monetary Penalty and Restitution for Commodity Pool Fraud Fraud

CFTC release 7443-16 · 2016-09-13 · view on cftc.gov ↗

Key facts

Release number: 7443-16
Release date: 2016-09-13
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7443-16

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.