# CFTC Charges Texas Residents Robert Watson, Daniel Petroski and their Companies with Fraud in Multi-Million Dollar Forex Scheme

> CFTC release 5661-09 · 2009-05-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5661-09
- **Release date:** 2009-05-27
- **Type:** Fraud
- **Title:** CFTC Charges Texas Residents Robert Watson, Daniel Petroski and their Companies with Fraud in Multi-Million Dollar Forex Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5661-09

## 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 5661-09, "CFTC Charges Texas Residents Robert Watson, Daniel Petroski and their Companies with Fraud in Multi-Million Dollar Forex Scheme", 2009-05-27. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/cftc-action/5661-09.

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