CFTC Charges Randall Crater, Mark Gillespie, and My Big Coin Pay, Inc. with Fraud and Misappropriation in Ongoing Virtual Currency Scam Fraud

CFTC release 7678-18 · 2018-01-24 · view on cftc.gov ↗

Key facts

Release number
7678-18
Release date
2018-01-24
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7678-18

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.