# KANSAS FEDERAL COURT ORDERS CALIFORNIA RESIDENT DEREK ABRAHAMS TO PAY CIVIL PENALTY FOR FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS

> CFTC release 5071-05 · 2005-04-26 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5071-05
- **Release date:** 2005-04-26
- **Type:** Fraud
- **Title:** KANSAS FEDERAL COURT ORDERS CALIFORNIA RESIDENT DEREK ABRAHAMS TO PAY CIVIL PENALTY FOR FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5071-05

## 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 5071-05, "KANSAS FEDERAL COURT ORDERS CALIFORNIA RESIDENT DEREK ABRAHAMS TO PAY CIVIL PENALTY FOR FRAUDULENTLY PROMOTING COMMODITY TRADING SYSTEMS", 2005-04-26. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5071-05.

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