Federal Court Orders UK Man to Pay More Than $571 Million for Operating Fraudulent Bitcoin Trading Scheme Fraud

CFTC release 8371-21 · 2021-03-26 · view on cftc.gov ↗

Key facts

Release number
8371-21
Release date
2021-03-26
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8371-21

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.