# Federal Court Orders Suffolk New York Man and His Company to Pay $370,000 for Commodity Pool Fraud and Misappropriation

> CFTC release 8447-21 · 2021-10-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8447-21
- **Release date:** 2021-10-12
- **Type:** Fraud
- **Title:** Federal Court Orders Suffolk New York Man and His Company to Pay $370,000 for Commodity Pool Fraud and Misappropriation
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8447-21

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 8447-21, "Federal Court Orders Suffolk New York Man and His Company to Pay $370,000 for Commodity Pool Fraud and Misappropriation", 2021-10-12. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/cftc-action/8447-21.

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