Los Angeles Federal Court Orders Five Individuals to Pay Over $5 Million for Digital Asset Fraud and Misappropriation Scheme Fraud

CFTC release 9017-24 · 2024-12-11 · view on cftc.gov ↗

Key facts

Release number
9017-24
Release date
2024-12-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9017-24

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.