# FEDERAL COURT ORDERS OHIO RESIDENT KEITH ELSESSER TO REPAY CUSTOMERS IN FRAUDULENT FOREIGN CURRENCY OPTIONS SCHEME; Elsesser Also Required to Pay Civil Penalty of $120,000

> CFTC release 4885-04 · 2004-02-02 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4885-04
- **Release date:** 2004-02-02
- **Type:** Fraud
- **Title:** FEDERAL COURT ORDERS OHIO RESIDENT KEITH ELSESSER TO REPAY CUSTOMERS IN FRAUDULENT FOREIGN CURRENCY OPTIONS SCHEME; Elsesser Also Required to Pay Civil Penalty of $120,000
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4885-04

## 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 4885-04, "FEDERAL COURT ORDERS OHIO RESIDENT KEITH ELSESSER TO REPAY CUSTOMERS IN FRAUDULENT FOREIGN CURRENCY OPTIONS SCHEME; Elsesser Also Required to Pay Civil Penalty of $120,000", 2004-02-02. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4885-04.

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