CFTC Obtains $2.5 Million Judgment for Fraudulent Solicitation and Misappropriation of Funds From Commodity Pool Participants Fraud

CFTC release 8102-19 · 2020-01-10 · view on cftc.gov ↗

Key facts

Release number
8102-19
Release date
2020-01-10
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8102-19

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.