# FEDERAL COURT ORDERS FLORIDA RESIDENTS TO REPAY DEFRAUDED FOREIGN CURRENCY (FOREX) CUSTOMERS $1.9 MILLION; Court Also Orders Defendants Daniel Fasciana and Anthony Russo to Pay Civil Penalties Totaling $6 Million and to Forfeit Certain Assets for Defrauding Customers While Selling Illegal Foreign Currency Option Contracts

> CFTC release 4839-03 · 2003-09-11 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 4839-03
- **Release date:** 2003-09-11
- **Type:** Other enforcement
- **Title:** FEDERAL COURT ORDERS FLORIDA RESIDENTS TO REPAY DEFRAUDED FOREIGN CURRENCY (FOREX) CUSTOMERS $1.9 MILLION; Court Also Orders Defendants Daniel Fasciana and Anthony Russo to Pay Civil Penalties Totaling $6 Million and to Forfeit Certain Assets for Defrauding Customers While Selling Illegal Foreign Currency Option Contracts
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4839-03

## 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 4839-03, "FEDERAL COURT ORDERS FLORIDA RESIDENTS TO REPAY DEFRAUDED FOREIGN CURRENCY (FOREX) CUSTOMERS $1.9 MILLION; Court Also Orders Defendants Daniel Fasciana and Anthony Russo to Pay Civil Penalties Totaling $6 Million and to Forfeit Certain Assets for Defrauding Customers While Selling Illegal Foreign Currency Option Contracts", 2003-09-11. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4839-03.

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