# 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

> CFTC release 5580-08 · 2008-12-10 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5580-08, "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", 2008-12-10. Retrieved via AI Analytics 2026-05-31 from https://api.ai-analytics.org/cftc-action/5580-08.

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