# JAPANESE FIRM CHARGED WITH PARTICIPATING IN FOREIGN CURRENCY SCAM THAT DEFRAUDED MORE THAN 300 CUSTOMERS OF OVER $5 MILLION; U.S. Commodity Futures Trading Commission Also Names Four Relief Defendants Who Received Ill-Gotten Gains

> CFTC release 4929-04 · 2004-05-21 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 4929-04
- **Release date:** 2004-05-21
- **Type:** Other enforcement
- **Title:** JAPANESE FIRM CHARGED WITH PARTICIPATING IN FOREIGN CURRENCY SCAM THAT DEFRAUDED MORE THAN 300 CUSTOMERS OF OVER $5 MILLION; U.S. Commodity Futures Trading Commission Also Names Four Relief Defendants Who Received Ill-Gotten Gains
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4929-04

## 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 4929-04, "JAPANESE FIRM CHARGED WITH PARTICIPATING IN FOREIGN CURRENCY SCAM THAT DEFRAUDED MORE THAN 300 CUSTOMERS OF OVER $5 MILLION; U.S. Commodity Futures Trading Commission Also Names Four Relief Defendants Who Received Ill-Gotten Gains", 2004-05-21. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4929-04.

---

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