# CFTC Charges Eleven Individuals and Five Entities in Nationwide Binary Options Fraud Ring

> CFTC release 7807-18 · 2018-09-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7807-18
- **Release date:** 2018-09-27
- **Type:** Fraud
- **Title:** CFTC Charges Eleven Individuals and Five Entities in Nationwide Binary Options Fraud Ring
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7807-18

## 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 7807-18, "CFTC Charges Eleven Individuals and Five Entities in Nationwide Binary Options Fraud Ring", 2018-09-27. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/7807-18.

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