Federal Court Orders California Man and His Company to Pay Over $7.6 million for Commodity Pool Fraud Fraud

CFTC release 8608-22 · 2022-10-13 · view on cftc.gov ↗

Key facts

Release number
8608-22
Release date
2022-10-13
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8608-22

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.