# CFTC Charges New York Firm Falco & Stevens, Inc. and its President Vyacheslav Nass with Stealing Millions in Foreign Currency Scam

> CFTC release 5166-06 · 2006-03-16 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5166-06
- **Release date:** 2006-03-16
- **Type:** Other enforcement
- **Title:** CFTC Charges New York Firm Falco & Stevens, Inc. and its President Vyacheslav Nass with Stealing Millions in Foreign Currency Scam
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5166-06

## 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 5166-06, "CFTC Charges New York Firm Falco & Stevens, Inc. and its President Vyacheslav Nass with Stealing Millions in Foreign Currency Scam", 2006-03-16. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/cftc-action/5166-06.

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