Federal Court Orders New York Man to Pay Over $36 Million for Forex and Digital Asset Fraud Fraud

CFTC release 8970-24 · 2024-09-20 · view on cftc.gov ↗

Key facts

Release number
8970-24
Release date
2024-09-20
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/8970-24

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.