CFTC Charges Melody Nganthuy Phan of California and Her Companies, My Forex Planet, Inc., Wal Capital, S.A., and Top Global Capital, Inc., with Operating a Fraudulent $3.7 Million Off-Exchange Forex Scheme Fraud

CFTC release 6867-14 · 2014-02-28 · view on cftc.gov ↗

Key facts

Release number: 6867-14
Release date: 2014-02-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6867-14

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.