ATTORNEY NEWSLETTER
Whistleblower Case for Cryptocurrency Fraud
Offshore Virtual Currency Trading Fraud
The U.S. Commodity Futures Trading Commission (CFTC) polices trading in commodities (like gold and other precious metals), options, futures, and virtual currencies. The CFTC rewards whistleblowers who voluntarily provide original information that leads to recoveries against organizers of fraudulent trading schemes. This week, the CFTC announced a $4.25 million judgment[1]against a group of domestic and offshore companies for allegedly inducing investors to invest in a worthless cryptocurrency traded in offshore accounts according to the CFTC. If you have credible information of illegal commodities trading or deceptive investments in cryptocurrency, gold or other commodities, securities, banking, or tax fraud in California call the Evans Law Firm whistleblower/qui tam attorneys today at (415)441-8669 and we can help.
According to the CFTC, defendants in the virtual currency fraud told investors to send their funds to bank accounts in the island nation of St. Kitts and Nevis, making it more difficult to trace the funds. The CFTC actively seeks whistleblower help in prosecuting other illegal activities including Bank Secrecy Act violations; failures to register securities; false reporting; foreign bribery; fraud involving precious metals like gold and silver, foreign currency exchange, or binary options; inadequate risk controls; insider trading or front-running; money laundering; retaliation against employees; as well as spoofing and other forms of disruptive trading or market manipulation. Most of the tips came from insiders such as current or former employees of companies allegedly committing illegal acts. A whistleblower does not necessarily have to be an insider, however. One of the CFTC’s 2019 awards went to a whistleblower who provided critical information to the agency by analyzing market data.
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 qui tam cases against corporations defrauding the government for payments or reimbursements.
Contact Us
If you have information regarding a whistleblower/qui tam case in San Francisco or elsewhere in California, contact Ingrid M. Evans and the other California whistleblower attorneys at Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex financial contracts and large insurance companies. 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, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.
[1] Evans Law Firm, Inc. was not involved in the case in any way.
