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

> CFTC release 4906-04 · 2004-03-24 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4906-04
- **Release date:** 2004-03-24
- **Type:** Fraud
- **Title:** PORTLAND MAN JAILED BY FEDERAL COURT FOR CONTEMPT FOR VIOLATION OF ORDER PREVENTING DISSIPATION OF CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FRAUD CASE
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4906-04

## 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 4906-04, "PORTLAND MAN JAILED BY FEDERAL COURT FOR CONTEMPT FOR VIOLATION OF ORDER PREVENTING DISSIPATION OF CUSTOMER FUNDS IN FOREIGN CURRENCY (FOREX) FRAUD CASE", 2004-03-24. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/4906-04.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*