Federal Court Orders Trading Firm and CEO to Pay More than $2.5 Million for Fraudulent Bitcoin Ponzi Scheme Fraud

CFTC release 7831-18 · 2018-10-18 · view on cftc.gov ↗

Key facts

Release number
7831-18
Release date
2018-10-18
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7831-18

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.