Federal Court in Illinois Orders Yumin Li and BVI-Based Company Kering Capital Ltd to Pay More than $1.2 Million in a Penalty and Restitution for Prearranged Trading Fraud Fraud

CFTC release 7498-16 · 2016-12-15 · view on cftc.gov ↗

Key facts

Release number: 7498-16
Release date: 2016-12-15
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7498-16

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.