# 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

> CFTC release 6082-11 · 2011-07-28 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 6082-11, "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", 2011-07-28. Retrieved via AI Analytics 2026-07-29 from https://api.ai-analytics.org/cftc-action/6082-11.

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