CFTC Charges Illinois Defendants Jay C. Nolan and His Company, Lodge Capital Group, LLC, with Commodity Pool Fraud Fraud

CFTC release 5778-10 · 2010-01-30 · view on cftc.gov ↗

Key facts

Release number
5778-10
Release date
2010-01-30
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5778-10

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.