# Federal Court Orders Texas Man to Pay Over $290,000 for Manipulative and Deceptive Digital Asset Pump-and-Dump Scheme

> CFTC release 8558-22 · 2022-07-18 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 8558-22
- **Release date:** 2022-07-18
- **Type:** Market manipulation
- **Title:** Federal Court Orders Texas Man to Pay Over $290,000 for Manipulative and Deceptive Digital Asset Pump-and-Dump Scheme
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8558-22

## 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 8558-22, "Federal Court Orders Texas Man to Pay Over $290,000 for Manipulative and Deceptive Digital Asset Pump-and-Dump Scheme", 2022-07-18. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/cftc-action/8558-22.

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