Federal Court Orders Danish Resident to Pay Over $4.7 Million for Forex Fraud and Misappropriation Fraud

CFTC release 8512-22 · 2022-04-08 · view on cftc.gov ↗

Key facts

Release number
8512-22
Release date
2022-04-08
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8512-22

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.