# President of a Miami Commodity Futures and Options Firm Sanctioned $260,000 for Fraud and Misappropriation of Customer Funds

> CFTC release 5432-08 · 2008-01-09 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5432-08
- **Release date:** 2008-01-09
- **Type:** Fraud
- **Title:** President of a Miami Commodity Futures and Options Firm Sanctioned $260,000 for Fraud and Misappropriation of Customer Funds
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5432-08

## 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 5432-08, "President of a Miami Commodity Futures and Options Firm Sanctioned $260,000 for Fraud and Misappropriation of Customer Funds", 2008-01-09. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/5432-08.

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