The US Commodity Futures Trading Commission (CFTC) filed civil complaints in US District Court Wednesday against Kraft Foods Group, Inc. and Mondelez Global LLC, charging the companies with manipulation and attempted manipulation of the prices of cash wheat and wheat futures which led to over $5.4 million in profits.
“This case goes to the core of the CFTC’s mission: protecting market participants and the public from manipulation and abusive practices that undermine the integrity of the derivatives markets,” said Aitan Goelman, CFTC director of enforcement.