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Top Ten Whistleblower Developments of 2019

Posted 02/6/20

By any measure, 2019 was a Very Big Year for whistleblowers. Our annual Top Ten lists identified 2019’s most significant financial recoveries by whistleblowers, as well as recoveries in enforcement actions at the federal and state level involving government procurement, healthcare, financial, tax, and other types of fraud. But the numbers, as impressive as they are, can’t tell the full story of the impact that...

Tagged in: CFTC Whistleblower Reward Program, Cybersecurity and Data Breaches, FCA Federal, Government Procurement Fraud, Healthcare Fraud, Importance of Whistleblowers, International Whistleblowers, Risk Adjustment Fraud, SEC Whistleblower Reward Program, Top 10,

Top Ten SEC and CFTC Recoveries of 2019

Posted 01/24/20

2019 was another busy year for the SEC and CFTC. Once again, the SEC netted hundreds of millions of dollars in penalties and fines from companies and individuals accused of defrauding investors, breaching fiduciary duties, and violating the securities laws. And that’s in addition to the SEC’s robust FCPA enforcement in 2019. Meanwhile, the CFTC continued to root out market manipulators and other fraudsters...

Tagged in: Accounting Fraud, CFTC Whistleblower Reward Program, FCPA, Financial and Investment Fraud, Importance of Whistleblowers, Market Manipulation and Trading Violations, Misrepresentations, SEC Whistleblower Reward Program, Securities Fraud, Top 10,

Top Ten Whistleblower Awards of 2019

Posted 01/9/20

2019 was another strong year for whistleblowers, who once again collectively recovered billions of dollars for the government and hundreds of millions of dollars in whistleblower rewards through their filing of lawsuits under the qui tam provisions of the False Claims Act. Whistleblowers this past year also continued to secure financial rewards under the Dodd-Frank SEC Whistleblower and CFTC Whistleblower programs,...

Tagged in: CFTC Whistleblower Reward Program, FCA Federal, FCA State, Importance of Whistleblowers, SEC Whistleblower Reward Program, Top 10, Whistleblower Rewards,

CFTC Whistleblower Program Annual Report Shows Program Open for Business, yet Challenges Persist

Posted 11/15/19

Screenshot of CFTC Whistleblower Program web page

Fifteen million dollars is how much the United States Commodity Futures Trading Commission’s (CFTC) Whistleblower Program paid whistleblowers in FY 2019 according to the agency’s annual report to Congress. This amount includes:

$7 million to one individual whistleblower;
Over $2 million to a non-insider whistleblower who provided independent analysis of market data; and,
Close to $1.5 million to a...

Tagged in: CFTC Whistleblower Reward Program, Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, International Whistleblowers, Statistics, Whistleblower Rewards,

How to Be a Whistleblower

Posted 07/19/19

You know about fraud, waste, abuse, or corruption by an individual or a company. Someone is getting by with cheating -- taking money from the government, taxpayers, or investors, or even harming others, such as patients. You are deeply troubled about it and want the proper authorities to stop it. You are worried whether you will be heard, taken seriously, and protected. You wonder if your information fits within a...

Tagged in: Auto Safety, CFTC Whistleblower Reward Program, Employment Issues, FCA Federal, FCA State, Importance of Whistleblowers, Private Insurance Whistleblower Reward Programs, Retaliation, SEC Whistleblower Reward Program, Whistleblower Answers, Whistleblower Protection Laws, Whistleblower Rewards,

Catch of the Week — Merrill Lynch Commodities Inc.

Posted 06/28/19

Merrill Lynch Commodities Inc (“Merrill”), a commodity trading subsidiary of Bank of America Corporation, agreed on June 25th to two $25 million settlements with both the Department of Justice (“DOJ”) and the Commodity Futures Trading Commission (“CFTC”) to resolve allegations it conducted deceptive trading practices in United States commodities markets.

DOJ Criminal Violations

This settlement resolved...

Tagged in: Catch of the Week, CFTC Whistleblower Reward Program, FCA Federal, Importance of Whistleblowers, Market Manipulation and Trading Violations, Whistleblower Eligibility, Whistleblower Rewards,

Calling all FCPA Whistleblowers — The CFTC Wants You!

Posted 06/19/19

Businessmen Holding Foreign Currency in an Envelope

If you have information on Foreign Corrupt Practices Act (FCPA) violations in the commodities or derivatives markets, the Commodity Futures Trading Commission (CFTC) wants to hear from you. The agency made this clear in a recently-issued CFTC "Whistleblower Alert" calling on all FCPA whistleblowers to step forward and report what they know. The agency even dangled the potential for monetary rewards for those...

Tagged in: CFTC Whistleblower Reward Program, FCPA, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Case, Whistleblower Eligibility, Whistleblower Rewards,

Ted Siedle is the rare SEC whistleblower who allows us to put a face to the name.

Posted 05/24/19

After two years of waiting, the recipient of what was the largest whistleblower award to date under the SEC Whistleblower Program when it was first announced in 2017, was finally paid by the SEC. This week, he received his share of a $50 million reward to two whistleblowers for exposing conflicts of interest at JP Morgan that led to a $267 million fine by the SEC. Last year, the whistleblower also received $30 million...

Tagged in: Anonymity, CFTC Whistleblower Reward Program, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Rewards,

CFTC Makes Another Whistleblower Award

Posted 05/10/19

Commodity Futures Trading Commission seal on building

On Monday, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award of roughly $1.5 million. It is the latest in a string of whistleblower awards from an agency that has made it very clear that after a slow start in implementing its whistleblower program it is finally open for whistleblower business. CFTC Enforcement Director James McDonald could not have been more direct on this point:...

Tagged in: CFTC Whistleblower Reward Program, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Eligibility, Whistleblower Rewards,

DOJ to Corporate America — Embrace the Whistleblower

Posted 05/9/19

In a clear push to companies to tighten up their internal compliance efforts, the DOJ Criminal Division recently announced a remake of the agency's guidelines for corporate compliance programs. The document, titled "The Evaluation of Corporate Compliance Programs," updates a previous version of the guidelines and is designed to provide more insight and context into the steps DOJ expects companies to take to ensure...

Tagged in: CFTC Whistleblower Reward Program, Importance of Whistleblowers, SEC Whistleblower Reward Program, Whistleblower Rewards,

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Top Ten Whistleblower Developments of 2019

Top Ten SEC and CFTC Recoveries of 2019

Top Ten Whistleblower Awards of 2019

CFTC Whistleblower Program Annual Report Shows Program Open for Business, yet Challenges Persist

How to Be a Whistleblower

Catch of the Week — Merrill Lynch Commodities Inc.

DOJ Criminal Violations

Calling all FCPA Whistleblowers — The CFTC Wants You!

Ted Siedle is the rare SEC whistleblower who allows us to put a face to the name.

CFTC Makes Another Whistleblower Award

DOJ to Corporate America — Embrace the Whistleblower

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