Federal Court Orders Defendants to Pay More Than $2.7 Million in a Forex Fraud Scheme Fraud

CFTC release 7994-19 · 2019-08-09 · view on cftc.gov ↗

Key facts

Release number
7994-19
Release date
2019-08-09
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/7994-19

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.