PORTLAND MAN JAILED BY FEDERAL COURT FOR CONTEMPT FOR VIOLATION OF ORDER PREVENTING DISSIPATION OF CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FRAUD CASE Fraud

CFTC release 4906-04 · 2004-03-24 · view on cftc.gov ↗

Key facts

Release number
4906-04
Release date
2004-03-24
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/4906-04

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.