# 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

> CFTC release 4996-04 · 2004-09-27 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 4996-04, "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", 2004-09-27. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/4996-04.

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