# U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,

> CFTC release 5059-05 · 2005-03-18 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5059-05
- **Release date:** 2005-03-18
- **Type:** Fraud
- **Title:** U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5059-05

## 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 5059-05, "U.S. COMMODITY FUTURES TRADING COMMISSION APPLAUDS SUCCESSFUL PROSECUTION OF OPERATION WOODEN NICKEL DEFENDANT, Anthony Iannuzzi Convicted of Wire Fraud and Conspiracy to Commit Wire Fraud in "Points for Cash" Scheme,", 2005-03-18. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/cftc-action/5059-05.

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