# 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

> CFTC release 5492-08 · 2008-05-01 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 5492-08, "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", 2008-05-01. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/cftc-action/5492-08.

---

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