FEDERAL COURT ORDERS INTERNATIONAL FINANCIAL SERVICES AND OTHERS TO PAY MORE THAN $100 MILLION IN RESTITUTION AND PENALTIES IN FOREIGN CURRENCY FUTURES FRAUD ACTION; Federal Court Finds All Defendants Liable for Fraud and Illegal Sale of Foreign Currency Futures Contracts Fraud

CFTC release 4937-04 · 2004-06-14 · view on cftc.gov ↗

Key facts

Release number: 4937-04
Release date: 2004-06-14
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4937-04

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.