Federal Court Enters More than $2 Million Judgment against Grand Island, Nebraska, Resident Who Controlled International Fraudulent Scheme Fraud

Key facts

Release number

7626-17

Release date

2017-10-10

Type

Fraud

Primary source

https://www.cftc.gov/PressRoom/PressReleases/7626-17

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.