# 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

> CFTC release 5048-05 · 2005-02-03 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5048-05, "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", 2005-02-03. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5048-05.

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