# CFTC Orders Former Virtual Currency Trader to Pay More than $1.1 Million for Fraudulent Bitcoin and Litecoin Scheme

> CFTC release 7839-18 · 2018-11-09 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7839-18
- **Release date:** 2018-11-09
- **Type:** Fraud
- **Title:** CFTC Orders Former Virtual Currency Trader to Pay More than $1.1 Million for Fraudulent Bitcoin and Litecoin Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7839-18

## 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 7839-18, "CFTC Orders Former Virtual Currency Trader to Pay More than $1.1 Million for Fraudulent Bitcoin and Litecoin Scheme", 2018-11-09. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7839-18.

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