Federal Court Issues Preliminary Injunction against Jay Nolan and His Company, Lodge Capital Group, LLC, Charged with Commodity Pool Fraud Fraud

CFTC release 5785-10 · 2010-03-03 · view on cftc.gov ↗

Key facts

Release number
5785-10
Release date
2010-03-03
Type
Fraud
Primary source
https://www.cftc.gov/PressRoom/PressReleases/5785-10

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.