CFTC Charges Company and its Principal in $33 Million Fraudulent Digital Asset Scheme Fraud

CFTC release 8115-20 · 2020-02-11 · view on cftc.gov ↗

Key facts

Release number
8115-20
Release date
2020-02-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8115-20

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.