Federal Court Orders Relief Defendants Westward International Ltd. and Coucarin Holdings Ltd. to Disgorge Ill-Gotten Funds Totaling More than $1.77 Million in CFTC Binary Options Fraud Action Fraud

CFTC release 7544-17 · 2017-04-07 · view on cftc.gov ↗

Key facts

Release number: 7544-17
Release date: 2017-04-07
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7544-17

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.