# 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

> CFTC release 6867-14 · 2014-02-28 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 6867-14, "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", 2014-02-28. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/6867-14.

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