# CFTC Files Second Amended Complaint Charging Philip J. Baker, Lake Shore Asset Management Limited, Lake Shore Group, and Several Commodity Pools with Fraud

> CFTC release 5459-08 · 2008-02-21 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5459-08
- **Release date:** 2008-02-21
- **Type:** Fraud
- **Title:** CFTC Files Second Amended Complaint Charging Philip J. Baker, Lake Shore Asset Management Limited, Lake Shore Group, and Several Commodity Pools with Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5459-08

## 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 5459-08, "CFTC Files Second Amended Complaint Charging Philip J. Baker, Lake Shore Asset Management Limited, Lake Shore Group, and Several Commodity Pools with Fraud", 2008-02-21. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/cftc-action/5459-08.

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