# CFTC BRINGS FRAUD CHARGES AGAINST SOUTH AFRICAN RESIDENT JAMES DE WET WHO OPERATES COMPANY TEAM FOREX INTERNATIONAL AND WEBSITE; CFTC Alleges That de Wet, Doing Business As Team Forex International, Misrepresented His Trading Track Record

> CFTC release 5126-05 · 2005-10-05 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5126-05
- **Release date:** 2005-10-05
- **Type:** Fraud
- **Title:** CFTC BRINGS FRAUD CHARGES AGAINST SOUTH AFRICAN RESIDENT JAMES DE WET WHO OPERATES COMPANY TEAM FOREX INTERNATIONAL AND WEBSITE; CFTC Alleges That de Wet, Doing Business As Team Forex International, Misrepresented His Trading Track Record
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5126-05

## 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 5126-05, "CFTC BRINGS FRAUD CHARGES AGAINST SOUTH AFRICAN RESIDENT JAMES DE WET WHO OPERATES COMPANY TEAM FOREX INTERNATIONAL AND WEBSITE; CFTC Alleges That de Wet, Doing Business As Team Forex International, Misrepresented His Trading Track Record", 2005-10-05. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5126-05.

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