Federal Court Orders Lions of Forex and Owner to Pay $685,000 For Foreign Currency Fraud Fraud

CFTC release 9039-25 · 2025-01-27 · view on cftc.gov ↗

Key facts

Release number
9039-25
Release date
2025-01-27
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9039-25

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.