CFTC Charges Residents of Florida, Louisiana, and Arkansas in Ongoing Cryptocurrency and Precious Metals Fraud Fraud

CFTC release 8766-23 · 2023-08-11 · view on cftc.gov ↗

Key facts

Release number
8766-23
Release date
2023-08-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8766-23

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.