# 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

> CFTC release 4937-04 · 2004-06-14 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 4937-04, "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", 2004-06-14. Retrieved via AI Analytics 2026-05-21 from https://api.ai-analytics.org/cftc-action/4937-04.

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