# Federal Court Orders Purported Metals Dealer and His Companies to Pay More Than $8 million for Fraud and Misappropriation of Customer Funds in CFTC Action

> CFTC release 7881-19 · 2019-03-04 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7881-19
- **Release date:** 2019-03-04
- **Type:** Fraud
- **Title:** Federal Court Orders Purported Metals Dealer and His Companies to Pay More Than $8 million for Fraud and Misappropriation of Customer Funds in CFTC Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7881-19

## 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 7881-19, "Federal Court Orders Purported Metals Dealer and His Companies to Pay More Than $8 million for Fraud and Misappropriation of Customer Funds in CFTC Action", 2019-03-04. Retrieved via AI Analytics 2026-07-23 from https://api.ai-analytics.org/cftc-action/7881-19.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*