LOS ANGELES-AREA FOREIGN CURRENCY (FOREX) FIRM EMERALD WORLDWIDE HOLDINGS, INC., CHARGED WITH DEFRAUDING MORE THAN 300 CUSTOMERS OF OVER $4.7 MILLION IN COMMODITY SCAM; CFTC Also Charges Jan Lu Hao and Jian Zhuang in Scheme to Defraud Other enforcement

CFTC release 4871-03 · 2003-12-08 · view on cftc.gov ↗

Key facts

Release number: 4871-03
Release date: 2003-12-08
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4871-03

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.