Operator Fine Commodity Futures Trading Commission (CFTC)· United States · 2026-04-02

Federal Court Grants CFTC Motion for Summary Judgment, Orders Former Hedge Fund Manager to Pay $2.2 Million for Swap Valuation Fraud

→ Infinity Q Capital Management LLC

The U.S. District Court for the Southern District of New York granted the CFTC's motion for summary judgment against James R. Velissaris, ordering him to pay a $2.2 million civil monetary penalty for engaging in a fraudulent scheme in violation of the Commodity Exchange Act. The court also permanently enjoined him from trading in CFTC-regulated markets and related activities.

Amount (EUR)

€2,024,000

Original currency

$2,200,000

Action date

2026-04-02

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9205-26 ↗

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