CFTC AWARDED FINAL JUDGMENT IN FRAUD ACTION AGAINST WORLD BANKS FOREIGN CURRENCY TRADERS, INC. AND OTHERS; Defendants Ordered to Pay Over $8 Million in Restitution and Civil Penalties Fraud

CFTC release 4996-04 · 2004-09-27 · view on cftc.gov ↗

Key facts

Release number: 4996-04
Release date: 2004-09-27
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4996-04

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.