U.S. District Court Orders Florida Company World-Wide Currency, Corp., and Florida Residents Genady Spivack a.k.a. George Spivak and Ellison Kent Morris to Pay Over $6 Million in Civil Fraud Action Fraud

CFTC release 5048-05 · 2005-02-03 · view on cftc.gov ↗

Key facts

Release number: 5048-05
Release date: 2005-02-03
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5048-05

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.