Federal Court Orders New York Man to Pay Over $3.4 Million For Forex Fraud Scheme Following Summary Judgment Ruling Fraud

CFTC release 9107-25 · 2025-08-12 · view on cftc.gov ↗

Key facts

Release number
9107-25
Release date
2025-08-12
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/9107-25

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.