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

> CFTC release 9084-25 · 2025-06-11 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 9084-25
- **Release date:** 2025-06-11
- **Type:** Fraud
- **Title:** Federal Court Orders Michigan Man, California Man, and Two Nevada Companies to Pay Over $25 Million for Digital Asset Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9084-25

## 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 9084-25, "Federal Court Orders Michigan Man, California Man, and Two Nevada Companies to Pay Over $25 Million for Digital Asset Fraud", 2025-06-11. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/cftc-action/9084-25.

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