# NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 378 INVESTORS OF MORE THAN $7 MILLION IN COMMODITY SCAM; CFTC Charges Sun Platinum Group LLC and Eduard Dmanskiy With Commodity Scam Involving Offshore Entities; Federal District Court Judge Orders Defendants' Assets Frozen

> CFTC release 4842-03 · 2003-09-23 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 4842-03
- **Release date:** 2003-09-23
- **Type:** Other enforcement
- **Title:** NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 378 INVESTORS OF MORE THAN $7 MILLION IN COMMODITY SCAM; CFTC Charges Sun Platinum Group LLC and Eduard Dmanskiy With Commodity Scam Involving Offshore Entities; Federal District Court Judge Orders Defendants' Assets Frozen
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4842-03

## 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 4842-03, "NEW YORK FOREIGN CURRENCY (FOREX) FIRM CHARGED WITH DEFRAUDING 378 INVESTORS OF MORE THAN $7 MILLION IN COMMODITY SCAM; CFTC Charges Sun Platinum Group LLC and Eduard Dmanskiy With Commodity Scam Involving Offshore Entities; Federal District Court Judge Orders Defendants' Assets Frozen", 2003-09-23. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/cftc-action/4842-03.

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