CFTC Obtains $700,000 Judgment Against New York Man in Fraud and Misappropriation Scheme Fraud

CFTC release 8172-20 · 2020-06-02 · view on cftc.gov ↗

Key facts

Release number
8172-20
Release date
2020-06-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8172-20

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.