# U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY U.S. COMMODITY FUTURES TRADING COMMISSION

> CFTC release 5134-05 · 2005-10-20 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5134-05
- **Release date:** 2005-10-20
- **Type:** Fraud
- **Title:** U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY U.S. COMMODITY FUTURES TRADING COMMISSION
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5134-05

## 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 5134-05, "U.S. DISTRICT COURT FREEZES ASSETS OF SOUTH FLORIDA FOREIGN CURRENCY FIRM MADISON FOREX INTERNATIONAL BASED ON FRAUD ALLEGATIONS BY U.S. COMMODITY FUTURES TRADING COMMISSION", 2005-10-20. Retrieved via AI Analytics 2026-06-24 from https://api.ai-analytics.org/cftc-action/5134-05.

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