Lake Shore Group of Companies Inc., Ltd., Prohibited from Trading Commodity Futures, as Illinois Federal Court Puts the Brakes on Multi-Million Dollar International Fraud Fraud

CFTC release 5492-08 · 2008-05-01 · view on cftc.gov ↗

Key facts

Release number: 5492-08
Release date: 2008-05-01
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/5492-08

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.