# Federal Court Orders Texas Resident Ray M. White and CRW Management LP to Pay More than $19 Million for Defrauding Customers and Misappropriating Millions of Dollars in Forex Fraud

> CFTC release 6122-11 · 2011-10-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6122-11
- **Release date:** 2011-10-12
- **Type:** Fraud
- **Title:** Federal Court Orders Texas Resident Ray M. White and CRW Management LP to Pay More than $19 Million for Defrauding Customers and Misappropriating Millions of Dollars in Forex Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6122-11

## 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 6122-11, "Federal Court Orders Texas Resident Ray M. White and CRW Management LP to Pay More than $19 Million for Defrauding Customers and Misappropriating Millions of Dollars in Forex Fraud", 2011-10-12. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/cftc-action/6122-11.

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