# Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme

> CFTC release 8510-22 · 2022-04-07 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8510-22
- **Release date:** 2022-04-07
- **Type:** Fraud
- **Title:** Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8510-22

## 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 8510-22, "Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme", 2022-04-07. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/cftc-action/8510-22.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*