Federal Court Orders Binary Options Firm and Owners to Pay Over $204 Million in Monetary Sanctions for Fraudulent Binary Options Scheme Fraud

CFTC release 8877-24 · 2024-03-14 · view on cftc.gov ↗

Key facts

Release number
8877-24
Release date
2024-03-14
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8877-24

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.