# CFTC Charges New York Residents with Operating $1.3 Billion Investment Scam

> CFTC release 5621-09 · 2009-02-26 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 5621-09
- **Release date:** 2009-02-26
- **Type:** Other enforcement
- **Title:** CFTC Charges New York Residents with Operating $1.3 Billion Investment Scam
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5621-09

## 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 5621-09, "CFTC Charges New York Residents with Operating $1.3 Billion Investment Scam", 2009-02-26. Retrieved via AI Analytics 2026-07-22 from https://api.ai-analytics.org/cftc-action/5621-09.

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