# CFTC Orders Illinois Resident Joshua T.J. Russo to Pay More than $1.8 Million in Restitution and Penalties for Futures and Options Fraud and Unauthorized Trading

> CFTC release 6403-12 · 2012-10-27 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6403-12
- **Release date:** 2012-10-27
- **Type:** Fraud
- **Title:** CFTC Orders Illinois Resident Joshua T.J. Russo to Pay More than $1.8 Million in Restitution and Penalties for Futures and Options Fraud and Unauthorized Trading
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6403-12

## 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 6403-12, "CFTC Orders Illinois Resident Joshua T.J. Russo to Pay More than $1.8 Million in Restitution and Penalties for Futures and Options Fraud and Unauthorized Trading", 2012-10-27. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6403-12.

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