CFTC Charges New York Man with Misappropriating Over $21 Million in Commodity Pool Scheme Commodity pool fraud

CFTC release 8727-23 · 2023-06-22 · view on cftc.gov ↗

Key facts

Release number
8727-23
Release date
2023-06-22
Type
Commodity pool fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8727-23

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.