CFTC Charges 5 Canadians, 1 American, and 4 Companies in $165 Million Global Binary Options Fraud Scheme Fraud

CFTC release 8231-20 · 2020-09-02 · view on cftc.gov ↗

Key facts

Release number
8231-20
Release date
2020-09-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8231-20

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.