# U.S. District Court Orders Five Individuals and Firms to Pay More than $23 Million in Connection With the CFTC Cooperative Law Enforcement Investigation “Operation Wooden Nickel”

> CFTC release 5557-08 · 2008-09-30 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5557-08
- **Release date:** 2008-09-30
- **Type:** Other enforcement
- **Title:** U.S. District Court Orders Five Individuals and Firms to Pay More than $23 Million in Connection With the CFTC Cooperative Law Enforcement Investigation “Operation Wooden Nickel”
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5557-08

## 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 5557-08, "U.S. District Court Orders Five Individuals and Firms to Pay More than $23 Million in Connection With the CFTC Cooperative Law Enforcement Investigation “Operation Wooden Nickel”", 2008-09-30. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/5557-08.

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