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

> CFTC release 7938-19 · 2019-06-18 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 7938-19
- **Release date:** 2019-06-18
- **Type:** Fraud
- **Title:** CFTC Charges Company and its Principal in $147 Million Fraudulent Bitcoin Trading Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7938-19

## 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 7938-19, "CFTC Charges Company and its Principal in $147 Million Fraudulent Bitcoin Trading Scheme", 2019-06-18. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/7938-19.

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