FEDERAL COURT ORDERS TWO FLORIDA MEN TO REPAY $300,000 EACH TO CUSTOMERS THEY DEFRAUDED IN A FOREIGN CURRENCY SCAM; Defendants to Repay $300,000 to Defrauded Customers, Among Other Sanctions Other enforcement

CFTC release 4887-04 · 2004-02-04 · view on cftc.gov ↗

Key facts

Release number: 4887-04
Release date: 2004-02-04
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4887-04

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.