New Jersey Federal Court Orders Alcibiades Cifuentes, Jennifer Wee Cifuentes, and Cifuentes Fund Management, LLC, to Pay More Than $2.2 Million for Forex Fraud Scheme Fraud

CFTC release 7724-18 · 2018-05-08 · view on cftc.gov ↗

Key facts

Release number: 7724-18
Release date: 2018-05-08
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7724-18

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.