CFTC Charges California Resident and His Corporation with Fraud and Misappropriation in a Popular Romance Scam Involving Digital Asset Commodities and Forex Fraud

CFTC release 8726-23 · 2023-06-22 · view on cftc.gov ↗

Key facts

Release number: 8726-23
Release date: 2023-06-22
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8726-23

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.