# Federal Court Orders Washington State Feedyard to Pay $263 Million for Phantom Cattle Fraud Scheme and Violating Position Limits

> CFTC release 8471-21 · 2021-12-17 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8471-21
- **Release date:** 2021-12-17
- **Type:** Fraud
- **Title:** Federal Court Orders Washington State Feedyard to Pay $263 Million for Phantom Cattle Fraud Scheme and Violating Position Limits
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8471-21

## 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 8471-21, "Federal Court Orders Washington State Feedyard to Pay $263 Million for Phantom Cattle Fraud Scheme and Violating Position Limits", 2021-12-17. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/8471-21.

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