# 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

> CFTC release 5544-08 · 2008-09-17 · **Other enforcement** · ENFORCEMENT

## Key facts

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

## 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 5544-08, "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", 2008-09-17. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/5544-08.

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