# Virginia Federal Court Enters Judgment against Foreign Currency (Forex) Firm and Two Individuals in a Fraud Action Brought by the CFTC

> CFTC release 5234-06 · 2006-09-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5234-06
- **Release date:** 2006-09-27
- **Type:** Fraud
- **Title:** Virginia Federal Court Enters Judgment against Foreign Currency (Forex) Firm and Two Individuals in a Fraud Action Brought by the CFTC
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5234-06

## 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 5234-06, "Virginia Federal Court Enters Judgment against Foreign Currency (Forex) Firm and Two Individuals in a Fraud Action Brought by the CFTC", 2006-09-27. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/5234-06.

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