Federal Court Orders Alexander Glytenko and His Company, Direct Investment Products, Inc., to Pay a Monetary Penalty and Restitution Totaling More than $3.8 Million in Connection with Commodity Pool Fraud Fraud

CFTC release 7259-15 · 2015-10-06 · view on cftc.gov ↗

Key facts

Release number: 7259-15
Release date: 2015-10-06
Type: Fraud
Primary source: https://www.cftc.gov/PressRoom/PressReleases/7259-15

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.