# Miami Federal Court Orders Multiple Individuals and Entities to Pay Over  $225 Million for Foreign Currency Fraud and Misappropriation Scheme

> CFTC release 8910-24 · 2024-05-14 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8910-24
- **Release date:** 2024-05-14
- **Type:** Fraud
- **Title:** Miami Federal Court Orders Multiple Individuals and Entities to Pay Over  $225 Million for Foreign Currency Fraud and Misappropriation Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8910-24

## 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 8910-24, "Miami Federal Court Orders Multiple Individuals and Entities to Pay Over  $225 Million for Foreign Currency Fraud and Misappropriation Scheme", 2024-05-14. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/8910-24.

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