CFTC Charges Company and its Principal in $147 Million Fraudulent Bitcoin Trading Scheme Fraud

CFTC release 7938-19 · 2019-06-18 · view on cftc.gov ↗

Key facts

Release number
7938-19
Release date
2019-06-18
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7938-19

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.