Federal Court Orders Rhode Island Man to Pay More than $2.8 Million in Restitution for Virtual Currency Fraud Fraud

CFTC release 8630-22 · 2022-12-01 · view on cftc.gov ↗

Key facts

Release number
8630-22
Release date
2022-12-01
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8630-22

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.