# 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

> CFTC release 4887-04 · 2004-02-04 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## 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 4887-04, "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", 2004-02-04. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4887-04.

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