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

> CFTC release 4999-04 · 2004-09-30 · **Commodity pool fraud** · ENFORCEMENT

## Key facts

- **Release number:** 4999-04
- **Release date:** 2004-09-30
- **Type:** Commodity pool fraud
- **Title:** COURT ORDERS ILLINOIS BROKER JOHN M. LOFGREN AND MELROSE ASSET MANAGEMENT TO PAY OVER $5.5 MILLION TO DEFRAUDED COMMODITY POOL PARTICIPANTS
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/4999-04

## 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 4999-04, "COURT ORDERS ILLINOIS BROKER JOHN M. LOFGREN AND MELROSE ASSET MANAGEMENT TO PAY OVER $5.5 MILLION TO DEFRAUDED COMMODITY POOL PARTICIPANTS", 2004-09-30. Retrieved via AI Analytics 2026-07-10 from https://api.ai-analytics.org/cftc-action/4999-04.

---

*[CFTC actions dataset](/datasets/cftc-actions) · CC0 1.0*