# Florida Federal Court Imposes More than $6 Million in Sanctions against a South Florida Corporation and Ft. Lauderdale Area-Resident Steven Labell in a Foreign Currency Fraud Case

> CFTC release 5341-07 · 2007-05-31 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5341-07
- **Release date:** 2007-05-31
- **Type:** Fraud
- **Title:** Florida Federal Court Imposes More than $6 Million in Sanctions against a South Florida Corporation and Ft. Lauderdale Area-Resident Steven Labell in a Foreign Currency Fraud Case
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5341-07

## 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 5341-07, "Florida Federal Court Imposes More than $6 Million in Sanctions against a South Florida Corporation and Ft. Lauderdale Area-Resident Steven Labell in a Foreign Currency Fraud Case", 2007-05-31. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5341-07.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*