Federal Court Orders Jeffrey Slemmer, Christian Dorrian, Adam Roth, and Their Florida-Based Companies to Pay over $5.4 Million in Restitution and a Penalty in CFTC Precious Metals and Diamonds Anti-Fraud Action Fraud

CFTC release 7603-17 · 2017-08-18 · view on cftc.gov ↗

Key facts

Release number: 7603-17
Release date: 2017-08-18
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7603-17

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.