CFTC Charges California Residents Joseph Dufresne, Megan Renkow, and Their Company, United Business Servicing, Inc., Doing Business as Schooloftrade.Com, with Fraudulently Marketing Commodity Futures Trading Strategies and Systems Fraud

CFTC release 7464-16 · 2016-10-01 · view on cftc.gov ↗

Key facts

Release number: 7464-16
Release date: 2016-10-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7464-16

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.