# MICHIGAN RESIDENT CHARGED WITH DEFRAUDING PARTICIPANTS IN $1.2 MILLION COMMODITY POOL FRAUD SCHEME; Federal Court Order Freezes Assets of Defendants John Daniel Lee, Marquis Financial Management Systems, Inc., and The Marquis Group, Inc.

> CFTC release 4857-03 · 2003-10-23 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4857-03
- **Release date:** 2003-10-23
- **Type:** Fraud
- **Title:** MICHIGAN RESIDENT CHARGED WITH DEFRAUDING PARTICIPANTS IN $1.2 MILLION COMMODITY POOL FRAUD SCHEME; Federal Court Order Freezes Assets of Defendants John Daniel Lee, Marquis Financial Management Systems, Inc., and The Marquis Group, Inc.
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4857-03

## 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 4857-03, "MICHIGAN RESIDENT CHARGED WITH DEFRAUDING PARTICIPANTS IN $1.2 MILLION COMMODITY POOL FRAUD SCHEME; Federal Court Order Freezes Assets of Defendants John Daniel Lee, Marquis Financial Management Systems, Inc., and The Marquis Group, Inc.", 2003-10-23. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/cftc-action/4857-03.

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