CFTC v. Craig L. Clavin and Lighthouse Futures, Ltd. (2021)

Judgment entered

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In October 2021 the CFTC announced a consent order in New York against Craig Clavin and Lighthouse Futures requiring $345,000 in restitution and a $25,000 civil penalty, with permanent trading and registration bans, for commodity pool fraud and misappropriation of at least $345,000 from pool participants.

The record

Structured fields for this action, as recorded in our case library.
Agency	CFTC
Release number	8447-21
Date filed	2021-10-12
Date resolved	2021-10-12
Court	U.S. District Court, Eastern District of New York
Status	judgment
Criminal parallel	Yes: charged (Craig L. Clavin and Lighthouse Futures Ltd. (state indictment, Suffolk County, New York)), 2020-06-11
Bars imposed	trading ban
Defendants	Craig L. Clavin (individual) ; Lighthouse Futures, Ltd. (entity)
Techniques

What was ordered

Civil penalty: $25k
Disgorgement: —
Prejudgment interest: —
Total relief: $25k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The CFTC announced the order on October 12, 2021 (release 8447-21) in the Eastern District of New York; the defendants admitted its findings. It resolves the June 2020 complaint. The order finds they did no trading, spent on personal costs, and paid purported profits to some participants in the manner of a Ponzi scheme; restitution is offset by any criminal restitution.

The record showed the headline $370,000 as a penalty, when it is $345,000 restitution plus a $25,000 penalty, and omitted the bans. The Ponzi tag is removed because the order finds pool fraud with Ponzi-style payments to some participants.

Timeline

2021-10-12 CFTC release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2020-06-11	CFTC	CFTC v. Craig L. Clavin and Lighthouse Futures, Ltd. (2020)	Settled
2021-10-12	CFTC	CFTC v. Craig L. Clavin and Lighthouse Futures, Ltd. (2021)(this record)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 20, 2026. submit a correction.