# CFTC JOINS OTHER MEMBERS OF THE PRESIDENT'S CORPORATE FRAUD TASK FORCE IN UNDERCOVER "OPERATION WOODEN NICKEL" TO PROSECUTE INDIVIDUALS AND COMPANIES ALLEGEDLY STEALING MILLIONS OF DOLLARS THROUGH SALES OF ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges 31 Individuals and Entities With Fraud, Selling Illegal Futures Contracts, and Filing False Reports,

> CFTC release 4867-03 · 2003-11-19 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4867-03
- **Release date:** 2003-11-19
- **Type:** Fraud
- **Title:** CFTC JOINS OTHER MEMBERS OF THE PRESIDENT'S CORPORATE FRAUD TASK FORCE IN UNDERCOVER "OPERATION WOODEN NICKEL" TO PROSECUTE INDIVIDUALS AND COMPANIES ALLEGEDLY STEALING MILLIONS OF DOLLARS THROUGH SALES OF ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges 31 Individuals and Entities With Fraud, Selling Illegal Futures Contracts, and Filing False Reports,
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4867-03

## 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 4867-03, "CFTC JOINS OTHER MEMBERS OF THE PRESIDENT'S CORPORATE FRAUD TASK FORCE IN UNDERCOVER "OPERATION WOODEN NICKEL" TO PROSECUTE INDIVIDUALS AND COMPANIES ALLEGEDLY STEALING MILLIONS OF DOLLARS THROUGH SALES OF ILLEGAL FOREIGN CURRENCY (FOREX) FUTURES CONTRACTS; CFTC Charges 31 Individuals and Entities With Fraud, Selling Illegal Futures Contracts, and Filing False Reports,", 2003-11-19. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4867-03.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*