# CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds

> CFTC release 5148-05 · 2005-12-22 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5148-05
- **Release date:** 2005-12-22
- **Type:** Fraud
- **Title:** CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5148-05

## 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 5148-05, "CFTC CHARGES THIRTEEN FLORIDA RESIDENTS AND COMPANIES WITH DEFRAUDING CUSTOMERS OF MORE THAN $6 MILLION; CFTC Charges that Defendants Fraudulently Solicited Nearly 400 Customers to Trade Commodity Options Contracts and Misappropriated Customer Funds", 2005-12-22. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5148-05.

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