Federal Court Orders Florida Company to Pay More Than $15 Million in Monetary Sanctions for Fraud and Illegal Transactions Fraud

CFTC release 8065-19 · 2019-10-28 · view on cftc.gov ↗

Key facts

Release number
8065-19
Release date
2019-10-28
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8065-19

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.