# Federal Court Imposes More than $14.7 Million in Sanctions on Two Florida Corporations and Five South Florida Men in Commodity Options Fraud Case

> CFTC release 5242-06 · 2006-10-07 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5242-06
- **Release date:** 2006-10-07
- **Type:** Fraud
- **Title:** Federal Court Imposes More than $14.7 Million in Sanctions on Two Florida Corporations and Five South Florida Men in Commodity Options Fraud Case
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5242-06

## 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 5242-06, "Federal Court Imposes More than $14.7 Million in Sanctions on Two Florida Corporations and Five South Florida Men in Commodity Options Fraud Case", 2006-10-07. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5242-06.

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