# CFTC Charges Five Entities and Five Individuals with $58 Million Foreign Currency Fraud and Misappropriation Scheme

> CFTC release 8486-22 · 2022-01-28 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8486-22
- **Release date:** 2022-01-28
- **Type:** Fraud
- **Title:** CFTC Charges Five Entities and Five Individuals with $58 Million Foreign Currency Fraud and Misappropriation Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8486-22

## 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 8486-22, "CFTC Charges Five Entities and Five Individuals with $58 Million Foreign Currency Fraud and Misappropriation Scheme", 2022-01-28. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/cftc-action/8486-22.

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