Federal Court Orders Former Church Pastor Wesley Allen Brown, Maverick International, Inc., and Edward Rubin to Pay More than $8.6 Million for Commodity Fraud Scheme that Preyed on Church Congregation Fraud

CFTC release 7707-18 · 2018-03-20 · view on cftc.gov ↗

Key facts

Release number: 7707-18
Release date: 2018-03-20
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7707-18

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.