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

> CFTC release 5778-10 · 2010-01-30 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 5778-10
- **Release date:** 2010-01-30
- **Type:** Fraud
- **Title:** CFTC Charges Illinois Defendants Jay C. Nolan and His Company, Lodge Capital Group, LLC, with Commodity Pool Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/5778-10

## 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 5778-10, "CFTC Charges Illinois Defendants Jay C. Nolan and His Company, Lodge Capital Group, LLC, with Commodity Pool Fraud", 2010-01-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/cftc-action/5778-10.

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