CFTC Charges New York Residents Kevin Whylie and Matthew Zecchini and Their Company, Algointeractive Inc, with Commodity Pool Fraud, Misappropriation, and Registration Violations Fraud

CFTC release 7710-18 · 2018-04-12 · view on cftc.gov ↗

Key facts

Release number: 7710-18
Release date: 2018-04-12
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7710-18

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.