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Law Abiding Crypto

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Home
About
  • Meet the Author
  • About Law Abiding Crypto
Enforcement Actions
  • CFTC: Commodities
  • DOJ: United States
  • FinCEN: Financial Crimes
  • FTC: Consumer Protection
  • OCC: Currencies
  • OFAC: Foreign Assets
  • SEC: Securities
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  • Home
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    • Meet the Author
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  • Enforcement Actions
    • CFTC: Commodities
    • DOJ: United States
    • FinCEN: Financial Crimes
    • FTC: Consumer Protection
    • OCC: Currencies
    • OFAC: Foreign Assets
    • SEC: Securities
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  • Enforcement Actions
    • CFTC: Commodities
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    • FTC: Consumer Protection
    • OCC: Currencies
    • OFAC: Foreign Assets
    • SEC: Securities
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CFTC Enforcement Actions

Date Filed: 07/18/2022 


Action: CFTC vs. John David McAfee and Jimmy Gale Watson


Causes of Action: 

  1. Fraud and Manipulation by Deceptive Device or Contrivance
  2. Price Manipulation


Case Notes: Federal Court Orders Texas Man to Pay Over $290,000 for Manipulative and Deceptive Digital Asset Pump-and-Dump Scheme 


Disposition: Consent Order: Jimmy Gale Watson, et al

Date Filed: 06/30/2022


Action: CFTC vs. Mirror Trading International Proprietary Limited, et al.


Causes of Action: 

  1. Fraud in Connection with Forex
  2. Fraud by a Commodity Pool Operator (CPO); Fraud by an Associated Person (AP) of a CPO
  3. Failure to Operate Commodity Pool as a Separate Legal Entity, Failure to Receive Funds in the Pool’s Name, and Commingling of Pool Funds
  4. Failure to Register as a CPO; Failure to Register as an AP of a CPO 


Case Notes: CFTC Charges South African Pool Operator and CEO with $1.7 Billion Fraud Involving Bitcoin 


Pleading: Complaint: Mirror Trading International Limited, et al.

Date Filed: 06/02/2022


Action: CFTC vs. Gemini Trust Company, LLC


Causes of Action: 

  1. False or Misleading Statements or Omissions to the Commission


Case Notes: CFTC Charges Gemini Trust Company for Making Material False or Misleading Statements and Omissions to the Commission  


Pleading: Complaint: Gemini Trust Company, LLC

Date Filed: 05/10/2022


Action: CFTC vs. Seneca Ventures, et al.


Causes of Action: 

  1. Failure to Register as a CPO     
  2. Fraud by a CPO    
  3. Deceptive Scheme or Contrivances


Case Notes: CFTC Charges Oregon and Illinois Residents and Florida Company in $44 Million Misappropriation in Ongoing Digital Asset and Commodity Futures Fraud  


Pleading: Complaint: Seneca Ventures, et al.

Date Filed: 05/05/2022


Action: CFTC vs. HDR Global Trading Limited et al.


Case Notes: Federal Court Orders BitMEX’s Three Co-Founders to Pay a Total of $30 Million for Illegally Operating a Cryptocurrency Derivatives Trading Platform and Anti-Money Laundering Violations 


Disposition: Consent Order: Arthur Hayes

                      Consent Order: Benjamin Delo

                      Consent Order: Samuel Reed

Date Filed: 03/29/2022


Action: CFTC vs. Abner Alejandro Tinoco, et al.


Case Notes: Court Finds El Paso Man and His Firm Liable for Defrauding Forex and Cryptocurrency Clients of More Than $7.2 Million 


Disposition: Consent Order: Abner Alejandro Tinoco, et al.

Date Filed: 03/08/2022


Action: CFTC vs. Dwayne Golden, et al.


Causes of Action: 

  1. Use of a Manipulative or Deceptive Device or Contrivance
  2. Use of a Manipulative or Deceptive Device or Contrivance


Case Notes: CFTC Charges Four Operators for $44 Million Bitcoin Ponzi and Misappropriation Schemes


Pleading: Complaint: Dwayne Golden, et al.

Date Filed: 03/07/2022


Action: CFTC vs. Fintech Investment Group, Inc


Case Notes: Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme 


Disposition: Order: Fintech Investment Group, Inc

Date Filed: 01/03/2022


Action: CFTC vs. Blockratize, Inc. d/b/a Polymarket.com


Case Notes: CFTC Orders Event-Based Binary Options Markets Operator to Pay $1.4 Million Penalty 


Disposition: Order: Blockratize, Inc. d/b/a Polymarket.com 

Archived CFTC Enforcement Actions

2021 Enforcement Actions

01-26-21 - CFTC v. Jeremy Spence (pdf)Download
03-02-21 - CFTC v. Benjamin Reynolds (pdf)Download
03-05-21 - CFTC v. John McAfee (pdf)Download
03-29-21 - CFTC v. David Saffron (pdf)Download
06-30-21 - CFTC v. Laino Group Limited et al. (pdf)Download
07-26-21 - CFTC v. Mayo Garcia et al. (pdf)Download
08-10-21 - CFTC v. HDR Global Trading Limited (pdf)Download
09-28-21 - CFTC v. Abner Tinoco et al. (pdf)Download

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