CFTC CHARGES THREE DEFENDANTS IN FLORIDA AND ONE DEFENDANT IN CALIFORNIA WITH FOREIGN CURRENCY OPTIONS FRAUD: Amended Complaint Alleges the Defendants’ Activities Caused Losses of More than $5.8 Million to at Least 350 Customers Fraud

CFTC release 5073-05 · 2005-04-28 · view on cftc.gov ↗

Key facts

Release number: 5073-05
Release date: 2005-04-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5073-05

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.