# Federal Court in New York Orders Madison Dean, Inc. and Its Principal, George Athanasatos, to Pay over $1.4 Million to Settle Forex Fraud Charges in CFTC Enforcement Action

> CFTC release 6530-13 · 2013-03-12 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 6530-13
- **Release date:** 2013-03-12
- **Type:** Fraud
- **Title:** Federal Court in New York Orders Madison Dean, Inc. and Its Principal, George Athanasatos, to Pay over $1.4 Million to Settle Forex Fraud Charges in CFTC Enforcement Action
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/6530-13

## 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 6530-13, "Federal Court in New York Orders Madison Dean, Inc. and Its Principal, George Athanasatos, to Pay over $1.4 Million to Settle Forex Fraud Charges in CFTC Enforcement Action", 2013-03-12. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/6530-13.

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