South Florida Residents Frank Anthony DeSantis III and Doreen Rose Valko Ordered to Pay More than $8 Million in Restitution and Penalties for Operating a Foreign Currency Options Scam Other enforcement

CFTC release 5544-08 · 2008-09-17 · view on cftc.gov ↗

Key facts

Release number: 5544-08
Release date: 2008-09-17
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5544-08

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.