# Federal Court Orders Foreign Trader to Pay $390K for Fictitious Sales Scheme

> CFTC release 9000-24 · 2024-10-24 · **Other enforcement** · ENFORCEMENT

## Key facts

- **Release number:** 9000-24
- **Release date:** 2024-10-24
- **Type:** Other enforcement
- **Title:** Federal Court Orders Foreign Trader to Pay $390K for Fictitious Sales Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9000-24

## 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 9000-24, "Federal Court Orders Foreign Trader to Pay $390K for Fictitious Sales Scheme", 2024-10-24. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/cftc-action/9000-24.

---

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