COURT ORDERS ILLINOIS BROKER JOHN M. LOFGREN AND MELROSE ASSET MANAGEMENT TO PAY OVER $5.5 MILLION TO DEFRAUDED COMMODITY POOL PARTICIPANTS Commodity pool fraud

CFTC release 4999-04 · 2004-09-30 · view on cftc.gov ↗

Key facts

Release number: 4999-04
Release date: 2004-09-30
Type: Commodity pool fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4999-04

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.