# Federal Court Orders North Carolina Companies and Their Owners to Pay Over $5.3 Million for Forex Fraud

> CFTC release 9016-24 · 2024-12-11 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 9016-24
- **Release date:** 2024-12-11
- **Type:** Fraud
- **Title:** Federal Court Orders North Carolina Companies and Their Owners to Pay Over $5.3 Million for Forex Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/9016-24

## 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 9016-24, "Federal Court Orders North Carolina Companies and Their Owners to Pay Over $5.3 Million for Forex Fraud", 2024-12-11. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/cftc-action/9016-24.

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