# Federal Court Orders Texas Resident Robert D. Watson to Pay $31 Million for Defrauding Customers, Misappropriating Millions of Dollars, and Providing Fictitious Records in Forex Scheme

> CFTC release 6181-12 · 2012-02-17 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 6181-12
- **Release date:** 2012-02-17
- **Type:** Other enforcement
- **Title:** Federal Court Orders Texas Resident Robert D. Watson to Pay $31 Million for Defrauding Customers, Misappropriating Millions of Dollars, and Providing Fictitious Records in Forex Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6181-12

## 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 6181-12, "Federal Court Orders Texas Resident Robert D. Watson to Pay $31 Million for Defrauding Customers, Misappropriating Millions of Dollars, and Providing Fictitious Records in Forex Scheme", 2012-02-17. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/6181-12.

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