Federal Court Orders Pennsylvania Man Pay $7.4 Million in Restitution for Multi-Million Dollar Bitcoin Fraud Fraud

CFTC release 8272-20 · 2020-10-02 · view on cftc.gov ↗

Key facts

Release number
8272-20
Release date
2020-10-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8272-20

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.