# New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam

> CFTC release 5271-07 · 2007-01-05 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5271-07
- **Release date:** 2007-01-05
- **Type:** Other enforcement
- **Title:** New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5271-07

## 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 5271-07, "New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam", 2007-01-05. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5271-07.

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