Federal Court Orders Precious Metals Dealer, its CEO and President to Pay $49M for Fraudulent Misappropriation Scheme Fraud

CFTC release 9001-24 · 2024-10-25 · view on cftc.gov ↗

Key facts

Release number
9001-24
Release date
2024-10-25
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9001-24

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.