Federal Court in Illinois Orders Jay C. Nolan and His Company, Lodge Capital Group, LLC, to Pay $825,000 Civil Monetary Penalty for Multi-Million Commodity Pool Fraud Scheme Fraud

CFTC release 6082-11 · 2011-07-28 · view on cftc.gov ↗

Key facts

Release number: 6082-11
Release date: 2011-07-28
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/6082-11

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.