Federal Court Orders Former New York City Resident to Pay Over $2.6 Million in Monetary Sanctions for Fraudulent Solicitation and Misappropriation in a Commodity Pool Scheme Fraud

CFTC release 8821-23 · 2023-11-06 · view on cftc.gov ↗

Key facts

Release number: 8821-23
Release date: 2023-11-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8821-23

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.