Florida Federal Court Orders Nine Defendants in CFTC Foreign Currency (Forex) Anti-Fraud Action to Pay More than $12 Million in Penalties and Customer Restitution Fraud

CFTC release 5580-08 · 2008-12-10 · view on cftc.gov ↗

Key facts

Release number: 5580-08
Release date: 2008-12-10
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5580-08

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.