# FEDERAL COURT ISSUES ORDER FREEZING ASSETS OF FLORIDA FOREIGN CURRENCY TRADING FIRM AND ITS VICE-PRESIDENT; BOTH CHARGED WITH FRAUD; CFTC Charges Defendants G7 Advisory Services, LLC and Michel Geraud With Fraudulently Soliciting Customers to Trade Foreign Currency Options

> CFTC release 5069-05 · 2005-04-18 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5069-05
- **Release date:** 2005-04-18
- **Type:** Fraud
- **Title:** FEDERAL COURT ISSUES ORDER FREEZING ASSETS OF FLORIDA FOREIGN CURRENCY TRADING FIRM AND ITS VICE-PRESIDENT; BOTH CHARGED WITH FRAUD; CFTC Charges Defendants G7 Advisory Services, LLC and Michel Geraud With Fraudulently Soliciting Customers to Trade Foreign Currency Options
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5069-05

## 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 5069-05, "FEDERAL COURT ISSUES ORDER FREEZING ASSETS OF FLORIDA FOREIGN CURRENCY TRADING FIRM AND ITS VICE-PRESIDENT; BOTH CHARGED WITH FRAUD; CFTC Charges Defendants G7 Advisory Services, LLC and Michel Geraud With Fraudulently Soliciting Customers to Trade Foreign Currency Options", 2005-04-18. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5069-05.

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