# Federal Court Orders Arizona Resident Derek Springfield and His Company, Draven, LLC, to Pay over $2.2 Million in Restitution and a Penalty in CFTC Anti-Fraud Action

> CFTC release 7642-17 · 2017-11-13 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7642-17
- **Release date:** 2017-11-13
- **Type:** Fraud
- **Title:** Federal Court Orders Arizona Resident Derek Springfield and His Company, Draven, LLC, to Pay over $2.2 Million in Restitution and a Penalty in CFTC Anti-Fraud Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7642-17

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7642-17, "Federal Court Orders Arizona Resident Derek Springfield and His Company, Draven, LLC, to Pay over $2.2 Million in Restitution and a Penalty in CFTC Anti-Fraud Action", 2017-11-13. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/7642-17.

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