# CALIFORNIA FEDERAL COURT ORDERS CITY TRUST AND INVESTMENT CO. LTD. OF TOKYO, JAPAN, TO PAY MORE THAN $11 MILLION IN FOREIGN CURRENCY SCAM; Federal Court Orders Defendant to Pay Civil Penalty and Repay Defrauded Customers

> CFTC release 5072-05 · 2005-04-27 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5072-05
- **Release date:** 2005-04-27
- **Type:** Other enforcement
- **Title:** CALIFORNIA FEDERAL COURT ORDERS CITY TRUST AND INVESTMENT CO. LTD. OF TOKYO, JAPAN, TO PAY MORE THAN $11 MILLION IN FOREIGN CURRENCY SCAM; Federal Court Orders Defendant to Pay Civil Penalty and Repay Defrauded Customers
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5072-05

## 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 5072-05, "CALIFORNIA FEDERAL COURT ORDERS CITY TRUST AND INVESTMENT CO. LTD. OF TOKYO, JAPAN, TO PAY MORE THAN $11 MILLION IN FOREIGN CURRENCY SCAM; Federal Court Orders Defendant to Pay Civil Penalty and Repay Defrauded Customers", 2005-04-27. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/cftc-action/5072-05.

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