# SOUTH FLORIDA FOREIGN EXCHANGE TRADING FIRMS CHARGED WITH DEFRAUDING CUSTOMERS, COURT FREEZES DEFENDANTS' ASSETS; Worldwide Forex, Inc., Global Atlantic Management, Inc., and A Principal Allegedly Told Customers that the Possibility of War with Iraq Would Result in Significant Profits

> CFTC release 4944-04 · 2004-06-29 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 4944-04
- **Release date:** 2004-06-29
- **Type:** Other enforcement
- **Title:** SOUTH FLORIDA FOREIGN EXCHANGE TRADING FIRMS CHARGED WITH DEFRAUDING CUSTOMERS, COURT FREEZES DEFENDANTS' ASSETS; Worldwide Forex, Inc., Global Atlantic Management, Inc., and A Principal Allegedly Told Customers that the Possibility of War with Iraq Would Result in Significant Profits
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4944-04

## 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 4944-04, "SOUTH FLORIDA FOREIGN EXCHANGE TRADING FIRMS CHARGED WITH DEFRAUDING CUSTOMERS, COURT FREEZES DEFENDANTS' ASSETS; Worldwide Forex, Inc., Global Atlantic Management, Inc., and A Principal Allegedly Told Customers that the Possibility of War with Iraq Would Result in Significant Profits", 2004-06-29. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/cftc-action/4944-04.

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