Federal Court Orders Commodity Pool Operator and Its Principal to Pay More Than $1.9 Million for Bitcoin and Binary Options Fraud Scheme Fraud

CFTC release 7760-18 · 2018-07-23 · view on cftc.gov ↗

Key facts

Release number
7760-18
Release date
2018-07-23
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7760-18

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.