Federal Court Orders Michigan Man, California Man, and Two Nevada Companies to Pay Over $25 Million for Digital Asset Fraud Fraud

CFTC release 9084-25 · 2025-06-11 · view on cftc.gov ↗

Key facts

Release number
9084-25
Release date
2025-06-11
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9084-25

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.