# CFTC Penalizes and Permanently Bans Texan from Trading and Registration for Virtual Currencies Fraud

> CFTC release 8621-22 · 2022-11-04 · **Fraud** · ENFORCEMENT

## Key facts

- **Release number:** 8621-22
- **Release date:** 2022-11-04
- **Type:** Fraud
- **Title:** CFTC Penalizes and Permanently Bans Texan from Trading and Registration for Virtual Currencies Fraud
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/8621-22

## 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 8621-22, "CFTC Penalizes and Permanently Bans Texan from Trading and Registration for Virtual Currencies Fraud", 2022-11-04. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/8621-22.

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