CFTC Charges El Paso Resident and His Firm in Ongoing $3.9 Million Forex and Cryptocurrency Fraud and Misappropriation Scheme Fraud

CFTC release 8452-21 · 2021-10-20 · view on cftc.gov ↗

Key facts

Release number
8452-21
Release date
2021-10-20
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8452-21

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.