# CFTC Wins Trial against Virtual Currency Fraudster

> CFTC release 7774-18 · 2018-08-24 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7774-18
- **Release date:** 2018-08-24
- **Type:** Fraud
- **Title:** CFTC Wins Trial against Virtual Currency Fraudster
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7774-18

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7774-18, "CFTC Wins Trial against Virtual Currency Fraudster", 2018-08-24. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/7774-18.

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