# CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud

> CFTC release 4965-04 · 2004-08-05 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4965-04
- **Release date:** 2004-08-05
- **Type:** Fraud
- **Title:** CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4965-04

## 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 4965-04, "CFTC APPLAUDS SUCCESSFUL PROSECUTION OF FORMER ENRON TRADER BY CALIFORNIA FEDERAL PROSECUTORS; John M. Forney Pleads Guilty to Conspiracy to Commit Wire Fraud", 2004-08-05. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4965-04.

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