# New York Federal Court Orders Defendants to Pay More Than $595,000 for Forex Solicitation Fraud and Misappropriation

> CFTC release 8149-20 · 2020-04-17 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8149-20
- **Release date:** 2020-04-17
- **Type:** Fraud
- **Title:** New York Federal Court Orders Defendants to Pay More Than $595,000 for Forex Solicitation Fraud and Misappropriation
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8149-20

## 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 8149-20, "New York Federal Court Orders Defendants to Pay More Than $595,000 for Forex Solicitation Fraud and Misappropriation", 2020-04-17. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/8149-20.

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