Federal Court Orders Forex Fraudster and His Companies to Pay More Than $2.2 Million for Fraudulent Solicitation and Misappropriation of Customer Funds Fraud

CFTC release 7889-19 · 2019-03-18 · view on cftc.gov ↗

Key facts

Release number
7889-19
Release date
2019-03-18
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7889-19

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.