ATTORNEY NEWSLETTER
Commodity Futures Trading Commission Wants Whistleblower Help
Blowing The Whistle On Fraud
CFTC Polices Futures Trading
The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information to the CFTC about fraudulent trading schemes in futures, options, foreign currency, virtual currency and commodities like gold or other precious metal trading. Sometimes, the fraud includes subscriptions to trading services or “seminars” that mislead consumers regarding trading schemes in futures and commodities. 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.
Recently, the CFTC announced a consent order in a whistleblower case charging a group of defendants with fraudulently soliciting consumers to subscribe to a trading system that included a supposedly “live” foreign exchange (forex) and commodity futures online trading room, educational videos, and online support. According to the consent order defendants fraudulently promoted and sold access to an online trading system that included a methodology for determining when to enter and exit forex and commodity futures contracts. The CFTC found that, as a result of the fraudulent solicitation scheme, defendants received approximately $1.3 million in subscription fees from more than 300 members located in the United States and abroad. Persons who provided information to the CFTC regarding the alleged fraud are eligible for a reward.
If you have credible information of securities or trading fraud, banking fraud, or tax fraud in California call the Evans Law Firm whistleblower attorneys today at (415)441-8669 and we can help. Our whistleblower attorneys represent whistleblowers in CFTC cases, Securities and Exchange Commission (SEC) cases for securities fraud (related to stocks, bonds, private placements and variable annuities for example), banking fraud under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), Internal Revenue Service (IRS) cases for tax fraud, particularly offshore tax avoidance schemes, and False Claims Act cases against corporations defrauding the government for payments or reimbursements. The government keeps whistleblower identity confidential as long as possible under the law and whistleblower laws protect whistleblowers from retaliation by their employers. Our lawyers represent whistleblowers in their underlying whistleblower actions and also in any lawsuit for wrongful termination or other retaliation by their employer.
