# CFTC Charges Principal of a Purported Commodity Trading Firm with Social Media Based Fraudulent Scheme

> CFTC release 7871-19 · 2019-02-14 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7871-19
- **Release date:** 2019-02-14
- **Type:** Fraud
- **Title:** CFTC Charges Principal of a Purported Commodity Trading Firm with Social Media Based Fraudulent Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7871-19

## 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 7871-19, "CFTC Charges Principal of a Purported Commodity Trading Firm with Social Media Based Fraudulent Scheme", 2019-02-14. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/cftc-action/7871-19.

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