Federal Court Orders Unregistered Michigan Pool Operator and its President to Pay Over $13 Million for Forex Fraud Fraud

CFTC release 8930-24 · 2024-07-02 · view on cftc.gov ↗

Key facts

Release number
8930-24
Release date
2024-07-02
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8930-24

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.