# Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme

> CFTC release 8741-23 · 2023-07-03 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8741-23
- **Release date:** 2023-07-03
- **Type:** Fraud
- **Title:** Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8741-23

## 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 8741-23, "Federal Court Orders Two Delaware Companies to Pay Nearly $146 Million for Misappropriation and Fraud Related to a Precious Metals Scheme", 2023-07-03. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/cftc-action/8741-23.

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