# CFTC NOTES THE ARRESTS OF SEVERAL INDIVIDUALS BY THE STATE OF FLORIDA IN AN ALLEGED FOREX INVESTMENT FRAUD; CFTC Filed a Federal Civil Case in 2002 Based On Same Underlying Facts

> CFTC release 4928-04 · 2004-05-17 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4928-04
- **Release date:** 2004-05-17
- **Type:** Fraud
- **Title:** CFTC NOTES THE ARRESTS OF SEVERAL INDIVIDUALS BY THE STATE OF FLORIDA IN AN ALLEGED FOREX INVESTMENT FRAUD; CFTC Filed a Federal Civil Case in 2002 Based On Same Underlying Facts
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4928-04

## 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 4928-04, "CFTC NOTES THE ARRESTS OF SEVERAL INDIVIDUALS BY THE STATE OF FLORIDA IN AN ALLEGED FOREX INVESTMENT FRAUD; CFTC Filed a Federal Civil Case in 2002 Based On Same Underlying Facts", 2004-05-17. Retrieved via AI Analytics 2026-06-22 from https://api.ai-analytics.org/cftc-action/4928-04.

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