CFTC Charges North Carolina Companies and Their Owners in $1 Million Foreign Currency Fraud and Misappropriation Scheme Fraud

CFTC release 8446-21 · 2021-10-08 · view on cftc.gov ↗

Key facts

Release number
8446-21
Release date
2021-10-08
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8446-21

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.