# Federal Court Orders Defendant to Pay More Than $2 Million for Operating Commodity Pool Fraud Scheme

> CFTC release 9012-24 · 2024-12-05 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 9012-24
- **Release date:** 2024-12-05
- **Type:** Fraud
- **Title:** Federal Court Orders Defendant to Pay More Than $2 Million for Operating Commodity Pool Fraud Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9012-24

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 9012-24, "Federal Court Orders Defendant to Pay More Than $2 Million for Operating Commodity Pool Fraud Scheme", 2024-12-05. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/9012-24.

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