Federal Court Orders Defendants EJS Capital Management, LLC, Alex Vladimir Ekdeshman, and Edward J. Servider to Pay $11.6 Million in Sanctions for Forex Fraud Scheme Fraud

CFTC release 7509-17 · 2017-01-10 · view on cftc.gov ↗

Key facts

Release number: 7509-17
Release date: 2017-01-10
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7509-17

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.