U.S. District Court for the District of Oregon Enters Final Order against Mastermind of Multimillion Dollar Fraudulent Foreign Currency (Forex) Scam Fraud

CFTC release 5274-07 · 2007-01-12 · view on cftc.gov ↗

Key facts

Release number
5274-07
Release date
2007-01-12
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5274-07

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.