# 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

> CFTC release 8579-22 · 2022-09-02 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 8579-22, "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", 2022-09-02. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/8579-22.

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