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CFTC Issues Annual Whistleblower Report Highlighting Continued Success of CFTC Whistleblower Program

Posted 11/22/24

As it is required to do every year, the Commodity Futures Trading Commission (CFTC) just released its Annual Report on the CFTC Whistleblower Program, which provides rewards and protections to whistleblowers providing the agency with information on Commodities Exchange Act violations. The 2024 Report covers the period from October 1, 2023 through September 30, 2024 and as with its previous annual reports, details...

Tagged in: Fraud in CFTC-Regulated Markets, Whistleblower Eligibility, Whistleblower Rewards,

CFTC Awards Over $1 Million to Whistleblower in Digital Assets Case

Posted 08/9/24

Yesterday, August 8, 2024, the Commodity Futures Trading Commission (CFTC) announced an award of over $1 million to a whistleblower. This individual provided critical information that led to an enforcement action targeting unlawful activities in digital asset markets.

The CFTC's Director of Enforcement, Ian McGinley, emphasized the growing importance of addressing misconduct in digital asset spaces, noting that...

Tagged in: Whistleblower Rewards,

SEC Awards Another Whistleblower $37 Million

Posted 07/29/24

Last Friday (July 26), the Securities and Exchange Commission (SEC) announced a whistleblower award of more than $37 million. It comes less than two weeks after the SEC announced another $37 million award. Prior to that, it had been several months since the agency had issued any whistleblower awards, a relative dry spell for an agency that up to that point had been extremely prolific in its whistleblower...

Tagged in: SEC Whistleblower Reward Program, Whistleblower Rewards,

Top Ten Whistleblower Recoveries for 2023

Posted 01/22/24

2023 was another big year for whistleblowers, helping the government recover billions of dollars in dozens of fraud enforcement actions. As usual, virtually all these whistleblower-prompted recoveries were under the government's three primary whistleblower rewards programs -- the False Claims Act, the SEC Whistleblower Program, and the CFTC Whistleblower Program. Successful whistleblowers under each of these...

Tagged in: CFTC Whistleblower Reward Program, FCA Federal, SEC Whistleblower Reward Program, Top 10, Whistleblower Case, Whistleblower Rewards,

Top Ten SEC and CFTC Whistleblower Awards for 2023

Posted 01/16/24

Anonamous Person on Phone Pointing to Book with Charts and Numbers

It was a relatively quiet year for the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) in their payout of whistleblower awards under their respective whistleblower programs. Under the SEC Program and CFTC Program -- both enacted under the Dodd-Frank Wall Street Reform and Consumer Protection Act -- whistleblowers who provide information that leads to a successful government...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets, SEC Whistleblower Reward Program, Securities Fraud, Top 10, Whistleblower Case, Whistleblower Rewards,

Catch of the Week: AECOM

Posted 10/30/23

Last week's Department of Justice (DOJ) Catch of the Week goes to Dallas-based architecture and engineering firm AECOM. Last Tuesday (October 24), the company agreed to pay $11.8 million to settle charges it violated the False Claims Act by improperly billing the Federal Emergency Management Agency (FEMA) for disaster assistance funding in the wake of Hurricane Katrina. Under the Robert T. Stafford Disaster...

Tagged in: Catch of the Week, FCA Federal, Flood Insurance, Government Programs Fraud, Whistleblower Case, Whistleblower Rewards,

CFTC Makes $18 Million Whistleblower Award

Posted 10/13/23

Screenshot of CFTC Whistleblower Program web page

Yesterday (October 12), the Commodity Futures Trading Commission (CFTC) announced an $18 million whistleblower award. The agency did not disclose the identity of the whistleblower or the associated enforcement action. It never does. The CFTC maintains strict confidentiality over its whistleblowers. All we know is the whistleblower "provided detailed information and assistance," that "was significant in amount...

Tagged in: CFTC Whistleblower Reward Program, Fraud in CFTC-Regulated Markets, Whistleblower Rewards,

Catch of the Week: The Boeing Company

Posted 10/2/23

This week's Department of Justice (DOJ) Catch of the Week goes to the Boeing Company. Yesterday (September 28), DOJ announced the Virginia-based aircraft maker agreed to pay $8.1 million to settle charges it violated the False Claims Act in connection with its Navy contracts to manufacture the V-22 Osprey military aircraft. According to the government, for more than ten years Boeing violated contractual...

Tagged in: Catch of the Week, Contract Non-Compliance, FCA Federal, Government Procurement Fraud, Whistleblower Case, Whistleblower Rewards,

SEC Awards $18 Million Whistleblower Award

Posted 08/25/23

The Securities and Exchange Commission (SEC) announced today (August 25) a whistleblower award of $18 million "to a whistleblower whose information and assistance led to a successful SEC enforcement action." Due to the agency's commitment to keeping the identity of its whistleblowers strictly confidential, it did not disclose who the whistleblower is, or the enforcement action to which the reward is tied. All we...

Tagged in: SEC Whistleblower Reward Program, Whistleblower Case, Whistleblower Rewards,

SEC Awards $104 Million to Seven Whistleblowers

Posted 08/16/23

Earlier this month (August 4), the Securities and Exchange Commission (SEC) announced its award of $104 million to seven whistleblowers "whose information and assistance led to a successful SEC enforcement action and related actions brought by another agency." It follows a string of blockbuster awards under the SEC Whistleblower Program, which provides whistleblowers who provide information leading to a successful...

Tagged in: SEC Whistleblower Reward Program, Whistleblower Case, Whistleblower Rewards,

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CFTC Issues Annual Whistleblower Report Highlighting Continued Success of CFTC Whistleblower Program

CFTC Awards Over $1 Million to Whistleblower in Digital Assets Case

SEC Awards Another Whistleblower $37 Million

Top Ten Whistleblower Recoveries for 2023

Top Ten SEC and CFTC Whistleblower Awards for 2023

Catch of the Week: AECOM

CFTC Makes $18 Million Whistleblower Award

Catch of the Week: The Boeing Company

SEC Awards $18 Million Whistleblower Award

SEC Awards $104 Million to Seven Whistleblowers

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