Federal Court Orders Florida Man and Foreign Defendants to Pay $7 Million for Role in Fraudulent Binary Options and Digital Asset Scheme Fraud

CFTC release 8460-21 · 2021-11-17 · view on cftc.gov ↗

Key facts

Release number
8460-21
Release date
2021-11-17
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8460-21

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.