# Federal Court Orders Defendants to Pay Over $1.7 Million to Settle CFTC Enforcement Action Charging Fraud and False Statements

> CFTC release 8157-20 · 2020-04-23 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8157-20
- **Release date:** 2020-04-23
- **Type:** Fraud
- **Title:** Federal Court Orders Defendants to Pay Over $1.7 Million to Settle CFTC Enforcement Action Charging Fraud and False Statements
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8157-20

## 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 8157-20, "Federal Court Orders Defendants to Pay Over $1.7 Million to Settle CFTC Enforcement Action Charging Fraud and False Statements", 2020-04-23. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/cftc-action/8157-20.

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