# 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

> CFTC release 7259-15 · 2015-10-06 · **Fraud** · ENFORCEMENT

## Key facts

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

## 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 7259-15, "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", 2015-10-06. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/cftc-action/7259-15.

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