# Federal Court Orders Florida Man and His Two Entities to Pay Over $16 Million for Fraud, Misappropriation, and Making False Statements to the CFTC

> CFTC release 8687-23 · 2023-04-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8687-23
- **Release date:** 2023-04-12
- **Type:** Fraud
- **Title:** Federal Court Orders Florida Man and His Two Entities to Pay Over $16 Million for Fraud, Misappropriation, and Making False Statements to the CFTC
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8687-23

## 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 8687-23, "Federal Court Orders Florida Man and His Two Entities to Pay Over $16 Million for Fraud, Misappropriation, and Making False Statements to the CFTC", 2023-04-12. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/cftc-action/8687-23.

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