Federal Court Orders New Jersey Resident and His Company to Pay Over $5 Million for Fraudulent Solicitation, Misappropriation, and Violation of Trading Prohibition in Prior Consent Order Fraud

CFTC release 8579-22 · 2022-09-02 · view on cftc.gov ↗

Key facts

Release number: 8579-22
Release date: 2022-09-02
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8579-22

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.