Federal Court Orders California-Based Precious Metals Company, CEO, Senior Salesperson to Pay Over $56 Million for Fraud in Connection with Precious Metals Sales Fraud

CFTC release 8898-24 · 2024-04-25 · view on cftc.gov ↗

Key facts

Release number: 8898-24
Release date: 2024-04-25
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/8898-24

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.