Federal Court Orders Minnesota Man and Two Companies to Pay Over $2 Million for Futures Fraud and Misappropriation Fraud

CFTC release 9019-24 · 2024-12-12 · view on cftc.gov ↗

Key facts

Release number
9019-24
Release date
2024-12-12
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9019-24

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.