# Federal Court Orders Wisconsin-based Forex Dealer Jacob Juma Omukwe and His Companies to Pay over $2.6 Million in Restitution and Penalties in Foreign Currency Scheme

> CFTC release 6146-11 · 2011-11-24 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6146-11
- **Release date:** 2011-11-24
- **Type:** Other enforcement
- **Title:** Federal Court Orders Wisconsin-based Forex Dealer Jacob Juma Omukwe and His Companies to Pay over $2.6 Million in Restitution and Penalties in Foreign Currency Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6146-11

## 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 6146-11, "Federal Court Orders Wisconsin-based Forex Dealer Jacob Juma Omukwe and His Companies to Pay over $2.6 Million in Restitution and Penalties in Foreign Currency Scheme", 2011-11-24. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/cftc-action/6146-11.

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