# U.S. Commodity Futures Trading Commission Charges Two Staten Island Hedge Funds And Their Principal With Stealing Millions Of Dollars In Foreign Currency Scheme

> CFTC release 5153-06 · 2006-01-31 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5153-06
- **Release date:** 2006-01-31
- **Type:** Other enforcement
- **Title:** U.S. Commodity Futures Trading Commission Charges Two Staten Island Hedge Funds And Their Principal With Stealing Millions Of Dollars In Foreign Currency Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5153-06

## 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 5153-06, "U.S. Commodity Futures Trading Commission Charges Two Staten Island Hedge Funds And Their Principal With Stealing Millions Of Dollars In Foreign Currency Scheme", 2006-01-31. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/cftc-action/5153-06.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*