Commodity Futures Trading Commission

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CFTC v. BitMEX et al: $100M Settlement

August 10, 2021
Consent Order imposing a civil penalty of $100 million against the operators of the BitMEX cryptocurrency trading platform in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc Limited, of Hong Kong, and HDR Global Services (Bermuda) Limited, of Bermuda, at the U. S. District Court for the Southern District of New York.

CFTC v. PayForex: Final Judgment

June 30, 2021
Final Judgment in Commodity Futures Commission v. Laino Group Limited, d.b.a. PayForex, of Saint Vincent and the Grenadines, at the U. S. District Court for the Southern District of Texas.

CFTC v. Credit Suisse International et al: $1.5M Fine

June 25, 2021
Administrative Order by the Commodity Futures Trading Commission imposing a fine of $1.5 million on Credit Suisse International, of London, England; Credit Suisse Securities Europe Limited, of London, England, and Credit Suisse Capital LLC, of New York, NY, for regulatory breaches, specifically submitting "inaccurate daily valuation data for the majority of their equity swap transactions".

CFTC v. Jiongsheng Zhao: Consent Order

June 4, 2021
Consent Order for Permanent Injunction and Other Equitable Relief in Commodity Futures Trading Commission v. Jiongsheng Zhao, a resident of New South Wales, Australia, at the U. S. District Court for the Northern District of Illinois.

Coinbase Inc.: $6.5M Fine

March 19, 2021
Administrative Order by the Commodity Futures Trading Commission imposing a fine of $6.5 million on Coinbase, Inc., described as a San Francisco-based "digital asset company", for "recklessly delivering false, misleading or inaccurate reports concerning transactions in digital assets, including Bitcoin, on the electronic trading platform it operated, GDAX".

CFTC v. John McAfee et al: Complaint

March 5, 2021
Complaint alleging fraud involving cryptocurrencies in Commodity Futures Trading Commission v. John David McAfee and Jimmy Gale Watson, Jr. at the U. S. District Court for the Southern District of New York.

CFTC v. John Gorman III: Complaint

February 1, 2021
Complaint alleging that "a U.S. dollar swaps trader and managing director of a global investment bank, trading from Tokyo, Japan for a U.S. affiliate of the Bank, engaged in a scheme to deceive and to manipulate the price of U.S. dollar interest rate swap spreads published on a screen displaying prices from a swap execution facility broker firm in the United States" in Commodity Futures Trading Commission v. John Patrick Gorman III, described as a citizen of the United States residing in the United Kingdom, at the U. S. District Court for the Southern District of New York.

CFTC v. Jeremy Spence: Complaint

January 26, 2021
Complaint alleging the defendant "fraudulently solicited individuals to invest funds in various pools that traded virtual currencies such as bitcoin and ether, each a commodity in interstate commerce" in Commodity Futures Trading Commission v. Jeremy Spence, d.b.a. 'Coin Signals', at the U. S. District Court for the Southern District of New York.

CFTC v. BitMEX et al: Complaint

October 1, 2020
Complaint for alleged unregistered activity by a self-described "world's largest cryptocurrency derivatives platform in the world with billions of dollars' worth of trading each day" in Commodity Futures Trading Commission v. HDR Global Trading Limited, of the Seychelles; 100x Holdings Limited, of Bermuda; ABS Global Trading Limited, of Delaware; Shine Effort Inc. Limited, of Hong Kong; HDR Global Services (Bermuda) Limited, of Bermuda, all d.b.a. BitMEX; Arthur Hayes, described as a citizen of the United States residing in Hong Kong; Ben Peter Delo, described as a citizen of the United Kingdom residing in Hong Kong, and Samuel Reed, described as a U.S. citizen who resided in Milwaukee, WI, and Boston, MA, during the relevant period, at the U. S. District Court for the Southern District of New York.

JPMorgan Chase & Co. et al: $920M Penalty

September 29, 2020
Administrative Order imposing penalties totaling $920 million on JPMorgan Chase & Co., JPMorgan Chase Bank NA, and J.P. Morgan Securities LLC for "a pattern of spoofing in the precious metals futures market and in the U.S. Treasury futures market".

CFTC v. Roman Banoczay, Jr. et al: Complaint

September 29, 2020
Complaint alleging "spoofing" fraud in Commodity Futures Trading Commission v. Roman Banoczay, Jr., Roman Banoczay, Sr., and Bazul Spol SRO, all of Slovakia, at the U. S. District Court for the Northern District of Illinois.

CFTC v. PayForex: Complaint

September 24, 2020
Complaint alleging the defendant "is illegally soliciting or accepting orders for leveraged, margined or financed retail off-exchange foreign currency, precious metals, and digital asset transactions from U.S. customers without being registered" in Commodity Futures Trading Commission v. Laino Group Limited, d.b.a. PayForex, of Saint Vincent and the Grenadines, at the U. S. District Court for the Southern District of Texas.

OTC Europe LLP: $120K Fine

September 23, 2020
Order vt the Commodity Futures Trading Commission imposing a fine of $120,000 on OTC Europe LLP, of England, for regulatory breaches.

CFTC v. David Cartu et al: Complaint

September 2, 2020
Complaint alleging "a massive fraudulent 'binary options' trading scheme" amounting to $165 million and involving individuals and companies in or from Belize, the British Virgin Islands, Canada, Israel, Seychelles, United Kingdom, and USA in Commodity Futures Trading Commission v. David Cartu, Jonathan Cartu, and Joshua Cartu, described as brothers who are all citizens of Canada; Ryan Masten, of Austin, Texas; Leeav Peretz, a.k.a. Lee Cole, and Nati Peretz, both described as being "from Windsor, Ontario, Canada" and currently residing in Israel; All Out Marketing Limited, of the British Virgin Islands; BareIt Media LLC, d.b.a. SignalPush, of Texas; Blue Moon Investments Ltd., of the Seychelles, and Orlando Union Inc., of Belize, at the U. S. District Court for the Western District of Texas.

CFTC v. Dennis Jali et al: Complaint

August 28, 2020
Complaint alleging the defendants "orchestrated a Ponzi scheme that ultimately yielded over $28 million in fraudulently solicited funds from over 1,000 individuals, entities, and groups of individuals" in Commodity Futures Trading Commission v. Dennis Jali, described as a citizen of South Africa; Arley Ray Johnson, of Maryland; John Frimpong, a.k.a. 'Dr. John Erasmus'; 1st Million LLC, a.k.a. 1stMillionDollars, of Maryland; Smart Partners LLP, of Delaware, and Access2Assets LLC, of Maryland, at the U. S. District Court for the District of Maryland.

OANDA Corporation: $500K Fine

August 21, 2020
Administrative Order imposing a fine of $500,000 on OANDA Corporation, of Toronto, Canada, before the Commodity Futures Trading Commission.

The Bank of Nova Scotia: $60M Penalties

August 19, 2020
Spoofing Order imposing financial penalties totaling $60.4 million on The Bank of Nova Scotia, before the Commodity Futures Trading Commission.

The Bank of Nova Scotia: $17M Fine

August 19, 2020
False Statements Order imposing a fine of $17 million on The Bank of Nova Scotia, before the Commodity Futures Trading Commission.

CFTC v. The Alista Group LLC et al: Complaint

July 16, 2020
Complaint alleging fraud involving, inter alia, a "straw account" in the name of "a French citizen" at "a Cayman Islands-based precious metals dealer" in Commodity Futures Trading Commission v. The Alista Group LLC, Marvin W. Courson III, Christopher A. Kertatos, and Luis M. Pineda Palacios at the U. S. District Court for the Middle District of Florida.

Gain Capital UK Ltd.: $250K Fine

June 8, 2020
Order Instituting Proceedings and Imposing Penalties on Gain Capital UK Limited, of the United Kingdom, before the Commodity Futures Trading Commission.

CFTC v. Casper Mikkelsen: Complaint

May 18, 2020
Complaint alleging fraud in Commodity Futures Trading Commission v. Casper Mikkelsen, a.k.a. Carsten Nielsen, a.k.a. Brian Thomson, a.k.a. Thomas Jensen, a.k.a. Casper Muller, of Denmark, at the U. S. District Court for the Southern District of New York.

CFTC v. Daniel Fingerhut et al: Preliminary Injunction Motion

May 6, 2020
Plaintiff's Motion for Preliminary Injunction in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

CFTC v. Daniel Fingerhut et al: Motion To File Combined Memorandum

May 6, 2020
Plaintiff's Expedited Motion for Leave to File Combined Memorandum regarding allegations of fraud involving binary options and cryptocurrencies in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

CFTC v. Daniel Fingerhut et al: Complaint

May 5, 2020
Complaint alleging fraud involving binary options and cryptocurrencies in Commodity Futures Trading Commission v. Daniel Fingerhut, of Miami Beach, Florida; Digital Platinum Inc., of Florida; Digital Platinum Ltd., of Israel; Huf Mediya Ltd., a.k.a. Hoof Media Ltd., of Bulgaria; Tal Valariola, of Israel, and Itay Barak, of Israel, as Defendants, and Aicel Carbonero, of Miami Beach, Florida, as Relief Defendant, at the U. S. District Court for the Southern District of Florida.

CFTC v. Christophe Rivoire: Complaint

December 20, 2019
Complaint alleging "a deceptive scheme to manipulate the prices of U.S. dollar interest rate basis swaps published on screens displaying prices from an interdealer broker firm" in Commodity Futures Trading Commission v. Christophe Rivoire, a citizen of France and a former senior officer with HSBC Global Banking and Markets, at the U. S. District Court for the Southern District of New York.

XBT Corp. Sarl: Findings & Sanctions (CFTC)

October 31, 2019
Order Instituting Proceedings, Making Findings and Imposing Remedial Sanctions for failing to register as a Futures Commission Merchant against XBT Corp. Sarl, d.b.a. First Global Credit, a cryptocurrency exchange firm domiciled in Switzerland, before the Commodity Futures Trading Commission.

Kobre & Kim LLP v. CFTC: Complaint

October 31, 2019
Complaint for "unlawfully withholding documents" regarding the "secret settlement" in the "landmark" market manipulation case of U.S. Commodity Futures Trading Commission v. Kraft Foods Group Inc. and Mondelēz Global LLC in Kobre & Kim LLP v. U.S. Commodity Futures Trading Commission at the U. S. District Court for the Southern District of New York.

CFTC v. Eyal Alper: Complaint

October 24, 2019
Complaint alleging fraud in Commodity Futures Trading Commission v. Eyal Alper, described as "a retail forex trader who resides in Tarrytown, New York", at the U. S. District Court for the Southern District of New York.

CFTC v. Blake Kantor et al: Default Judgment

October 23, 2019
Default judgment regarding an alleged fraud involving a cryptocurrency known as 'ATM Coin' in Commodity Futures Trading Commission v. Blake Harrison Kantor, a.k.a. Bill Gordon, of New York, NY; Nathan Mullins, of Forest Hills, NY; Blue Bit Banc, described as "a business entity that purports, on its website, to be owned and operated by Biz-E-Bee Services, Ltd. in the U.K."; Blue Bit Analytics Ltd., apparently of the Turks and Caicos Islands; G. Thomas Client Services, of New York, and Mercury Cove Inc., of New York, as Defendants, and Blue Wolf Sales Consultants, of New York, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

CFTC v. Jon Barry Thompson: Complaint

September 30, 2019
Complaint regarding "a deceptive and fraudulent scheme by knowingly or recklessly making false representations to customers in connection with the purported purchase of virtual currency, specifically Bitcoin, worth millions of dollars" in Commodity Futures Trading Commission v. Jon Barry Thompson at the U. S. District Court for the Southern District of New York.

Rafael Marconato: Sanctions

September 12, 2019
Order Instituting Proceedings, Making Findings and Imposing Remedial Sanctions regarding fraud against Rafael Marconato, described as a current rersident of Limeira, São Paulo, Brazil and a former resident of Miami, Florida, before the U. S. Commodity Futures Trading Commission.

CFTC v. FuturesFX et al: Complaint

September 10, 2019
Complaint alleging forex-related fraud in Commodity Futures Trading Commission v. FuturesFX and Simon Jousef, both of Ontario, Canada, at the U. S. District Court for the Southern District of New York.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019
Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

Curtis Dalton: Sanctions

July 29, 2019
Findings and Sanctions by the U. S. Commodity Futures Trading Commission regarding Curtis Dalton, of Massachusetts, d.b.a. Binary International, a binary options trader who "did business pursuant to an agreement with a British Virgin Islands company located in Cyprus".

CFTC v. Control-Finance Ltd. et al: Complaint

June 17, 2019
Complaint in Commodity Futures Trading Commission v. Control-Finance Limited and Benjamin Reynolds, both of the United Kingdom, at the U. S. District Court for the Southern District of New York.

CFTC v. 1Pool Ltd. et al: Consent Order

March 4, 2019
Consent Order in Commodity Futures Trading Commission v. 1Pool Ltd., of the Marshall Islands, and Patrick Brunner, of Austria, at the U. S. District Court for the District of Columbia.

CFTC v. Timothy Atkinson et al: Complaint

September 27, 2018
Complaint alleging binary options fraud in Commodity Futures Trading Commission v. Timothy Atkinson, of Miami, Florida; Jay Passerino, of Miami, Florida; All In Publishing LLC, of Arizona, and Gasher Inc., of Florida, at the U. S. District Court for the Southern District of Florida.

CFTC v. 1Pool Ltd. et al: Complaint

September 27, 2018
Complaint in Commodity Futures Trading Commission v. 1Pool Ltd., of the Marshall Islands, and Patrick Brunner, of Austria, at the U. S. District Court for the District of Columbia.

CFTC v. Michael Salerno et al: Complaint

April 17, 2018
Complaint alleging fraud in Commodity Futures Trading Commission v. Michael J. Salerno, of Chadds Ford, Pennsylvania; Black Diamond Forex LP, of Pennsylvania; BDF Trading LP, d.b.a. Advanta FX, of Pennsylvania, and Advanta Capital Markets Inc., d.b.a Advanta FX, of Pennsylvania, as Defendants, and Black Diamond Investment Group LLC, of Pennsylvania, and Advanta Capital Markets Ltd., f.k.a. Black Diamond Capital Ltd., f.k.a. Black Diamond Forex Ltd., of Saint Vincent and the Grenadines, at the U. S. District Court for the Eastern District of Pennsylvania.

CFTC v. Blake Kantor et al: Complaint

April 16, 2018
Complaint alleging fraud involving a cryptocurrency known as 'ATM Coin' in Commodity Futures Trading Commission v. Blake Harrison Kantor, a.k.a. Bill Gordon, of New York, NY; Nathan Mullins, of Forest Hills, NY; Blue Bit Banc, described as "a business entity that purports, on its website, to be owned and operated by Biz-E-Bee Services, Ltd. in the U.K."; Blue Bit Analytics Ltd., apparently of the Turks and Caicos Islands; G. Thomas Client Services, of New York, and Mercury Cove Inc., of New York, as Defendants, and Blue Wolf Sales Consultants, of New York, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

CFTC v. Blake Kantor et al: TRO Motion

April 16, 2018
Motion for Preliminary Injunction and Temporary Restraining Order in Commodity Futures Trading Commission v. Blake Harrison Kantor, a.k.a. Bill Gordon, of New York, NY; Nathan Mullins, of Forest Hills, NY; Blue Bit Banc, described as "a business entity that purports, on its website, to be owned and operated by Biz-E-Bee Services, Ltd. in the U.K."; Blue Bit Analytics Ltd., apparently of the Turks and Caicos Islands; G. Thomas Client Services, of New York, and Mercury Cove Inc., of New York, as Defendants, and Blue Wolf Sales Consultants, of New York, as Relief Defendant, at the U. S. District Court for the Eastern District of New York.

CFTC v. Jason Scharf et al: SRO Motion

July 10, 2017
Ex Parte Motion for Statutory Restraining Order in U. S. Commodity Futures Trading Commission v. Jason B. Scharf, d.b.a. Citrades.com and AutoTradingBinary.com; CIT Investments LLC, Brevspand EOOD, C I T Investments Ltd., A&J Media Partners, Inc., Michael Shah, and Zilmil, Inc. at the U. S. District Court for the Middle District of Florida.

CFTC v. Jason Scharf et al: Complaint

July 10, 2017
Complaint in U. S. Commodity Futures Trading Commission v. Jason B. Scharf, d.b.a. Citrades.com and AutoTradingBinary.com; CIT Investments LLC, Brevspand EOOD, C I T Investments Ltd., A&J Media Partners, Inc., Michael Shah, and Zilmil, Inc. at the U. S. District Court for the Middle District of Florida.

U.S. Judge sanctions RBC for breaching order to provide documents for fraud investigation

April 23, 2014
Royal Bank of Canada has suffered the ignominy of having sanctions awarded against it by a U. S. judge who ruled the bank had "improperly withheld" documents from the U. S. Commodity Futures Trading Commission in a lawsuit regarding an alleged "massive" fraud involving RBC's operations in several jurisdictions, including the Bahamas and Cayman Islands.

CFTC v. Royal Bank of Canada: Sanctions Order

March 28, 2014
Order Granting Motion to Compel Discovery and For Sanctions in United States Commodity Futures Trading Commission v. Royal Bank of Canada at the U. S. District Court for the Southern District of New York.
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