CFTC Charges Ohio Man and His Companies with Fraudulently Solicitating Over $12 Million and Misappropriation in a Digital Asset Trading Scheme Fraud

CFTC release 8572-22 · 2022-08-12 · view on cftc.gov ↗

Key facts

Release number
8572-22
Release date
2022-08-12
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8572-22

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.