# CFTC Charges Four Individuals and a Seychelles Company with Operating a Fraudulent Digital Assets Trading Scheme and Misappropriation

> CFTC release 8798-23 · 2023-09-29 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8798-23
- **Release date:** 2023-09-29
- **Type:** Fraud
- **Title:** CFTC Charges Four Individuals and a Seychelles Company with Operating a Fraudulent Digital Assets Trading Scheme and Misappropriation
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8798-23

## 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 8798-23, "CFTC Charges Four Individuals and a Seychelles Company with Operating a Fraudulent Digital Assets Trading Scheme and Misappropriation", 2023-09-29. Retrieved via AI Analytics 2026-07-15 from https://api.ai-analytics.org/cftc-action/8798-23.

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