ATTORNEY NEWSLETTER
Commodity Futures Trading Commission Rewards Whistleblowers
Commission Targets Fraudulent Trading Schemes
Even Participating Insiders Can Be Rewarded
The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information to the CFTC about fraudulent trading schemes in commodities like gold or other precious metal trading. On July 21, the CFTC announced $1 million in whistleblower awards to two individuals who provided information on commodities trading fraud.* Recent rewards bring the total awarded by the CFTC to private whistleblowers to over $110 million since the inception of the CFTC Whistleblower Program in 2014. If you have credible information of any sort of futures, options, currency or commodity trading fraud (including investment pools, gold, futures, options, or virtual currencies) call the CFTC whistleblower attorneys at Evans Law Firm, Inc. today at (415)441-8669.
The CFTC acknowledged that one of the whistleblowers, a company insider, had participated in some of the allegedly illegal trading activities conducted by the company. Nevertheless, the CFTC recognized that the information that individual voluntarily provided to the agency significantly contributed to the successful outcome. “As is made clear under the governing laws, even whistleblowers that have some degree of culpability may be eligible for an award under the Whistleblower Program,” added Whistleblower Office Director Christopher Ehrman. “We will continue to reward eligible whistleblowers and encourage them to come forward to aid in our investigations.”
How Evans Law Firm Can Help You
A fraudulent securities, banking or commodities trading scheme often violates more than one set of laws and fall within the jurisdiction of more than one supervising government agency, including the Whistleblower Office of the U.S. Securities and Exchange Commission (SEC). Our whistleblower litigators will incorporate all applicable violations relevant to your information and follow the applicable rules for any government agency involved, including the CFTC, SEC, Internal Revenue Service or other agency. All agencies keep whistleblower identity confidential as long as possible and whistleblower laws protect whistleblowers from employer retaliation. Our lawyers represent whistleblowers in their underlying whistleblower actions and also in any lawsuit for wrongful termination or other retaliation by their employer.
Contact Us
If you have information regarding any commodities, futures, or securities trading fraud contact Ingrid M. Evans and the other CFTC and SEC whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our whistleblower attorneys also handle cases involving offshore tax avoidance schemes or other tax fraud before the Internal Revenue Service, bank fraud under the Financial Reform, Recovery, and Enforcement Act (FIRREA/FIAFEA), False Claims Act cases, the FINRA Whistleblower Office, and the California False Claims Act. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.
*Evans Law Firm, Inc. was not involved in the case or these two awards in any way.
