# U.S. Commodity Futures Trading Commission Settles Foreign Currency (Forex) Fraud Action against Defendant Hao Jan Lu; Total Orders by the Court Exceed $13 Million

> CFTC release 5398-07 · 2007-10-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5398-07
- **Release date:** 2007-10-12
- **Type:** Fraud
- **Title:** U.S. Commodity Futures Trading Commission Settles Foreign Currency (Forex) Fraud Action against Defendant Hao Jan Lu; Total Orders by the Court Exceed $13 Million
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5398-07

## 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 5398-07, "U.S. Commodity Futures Trading Commission Settles Foreign Currency (Forex) Fraud Action against Defendant Hao Jan Lu; Total Orders by the Court Exceed $13 Million", 2007-10-12. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/5398-07.

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