CFTC Obtains $21.8 Million Default Judgment against Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Firms for Misappropriation of Customer Funds and Fraudulent Solicitation in Ponzi Scheme Fraud

CFTC release 7492-16 · 2016-12-01 · view on cftc.gov ↗

Key facts

Release number: 7492-16
Release date: 2016-12-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7492-16

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.