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CFTC Whistleblower Reward Program

This archive displays posts tagged as relevant to the CFTC Whistleblower Reward Program. You may also be interested in the following pages:

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Top Ten Whistleblower Awards of 2018

Posted  01/25/19
2018 was another banner year for whistleblowers. As the DOJ recently reported in its annual summary of False Claims Act recoveries, $2.1 billion of the $2.8 billion in settlements and judgments reported last year arose from lawsuits filed under the qui tam provisions of the False Claims Act. During the same period, the government paid out $301 million in whistleblower awards to the individuals who exposed the fraud by...

Top Ten SEC and CFTC Recoveries of 2018

Posted  01/18/19
The SEC and CFTC were busy in 2018. In addition to its robust FCPA enforcement, the SEC recovered hundreds of millions of dollars from companies accused of defrauding investors, breaching fiduciary duties, and violating SEC rules. The SEC also awarded its largest-ever whistleblower awards in 2018. Likewise, the CFTC spent the last year cracking down on market manipulators, rooting out commodities fraud, and halting...

What the Government Shutdown Means for Whistleblowers

Posted  01/3/19
Federal Government Shutdown
As of January 3, 2019, the federal courts are still open, and say they can stay open at least through January 11 by using available funds from court fee payments and other sources not dependent on new appropriations.  However, most Department of Justice civil attorneys have been furloughed.  Without attorneys from DOJ, cases involving the United States are not be able to proceed as they normally would. ...

CFTC Whistleblower Program has a Banner Year, but Challenges Remain

Posted  11/6/18
Seventy-five million dollars. That’s how much the United States Commodity Futures Trading Commission’s (CFTC’s) Whistleblower Program paid five whistleblowers - including $30 million to one, the CFTC’s largest award to date-according to the agency’s annual report to Congress for 2018. Also, for the first time, the CFTC awarded a whistleblower living in a foreign country. Without a doubt, 2018 was a banner...

Federal Judge — CFTC Can Regulate “Cryptocurrency” Fraud

Posted  10/10/18
Cryptocurrency
In good news for investors, a Massachusetts federal judge recently ruled that the Commodity Futures Trading Commission (CFTC) has the authority to fight fraud in the booming virtual currency market. The decision follows on the heels of a ruling in New York where a different federal judge reached the same conclusion. Through the Commodity Exchange Act, Congress authorized the CFTC to fight fraud involving...

CFTC Announces Multiple “Game Changing” Whistleblower Awards Totaling More than $45 Million

Posted  08/3/18
The Commodity Futures Trading Commission (CFTC) announced multiple whistleblower awards totaling more than $45 million.  Christopher Ehrman, Director of the CFTC’s Whistleblower Office, stated that “the sheer magnitude of the $45 million in monetary awards announced [] demonstrates the game-changing nature of the Whistleblower Program.”  CFTC Chairman, J. Christopher Giancarlo, added “the CFTC is committed...

CFTC Announces First Award to a Foreign Whistleblower

Posted  07/19/18
Earlier this week, the Commodity Futures Trading Commission (CFTC) announced an award of more than $70,000 to a whistleblower "who significantly contributed to an ongoing CFTC investigation and led the CFTC to a successful settlement." It is the first award under the CFTC’s Whistleblower Program to a foreign whistleblower and follows on the heels of last week's record-breaking $30 million award, by far the largest...

July 12, 2018

The CFTC announced an award of approximately $30 million to a whistleblower who voluntarily provided key original information that led to a successful enforcement action. The award is the largest award made by the CFTC’s Whistleblower Program to date and is the fifth award made by the program. Previously, the highest award amount paid to a CFTC whistleblower was in March 2016 of more than $10 million (see CFTC Press Release 7351-16, CFTC Announces Whistleblower Award of More Than $10 Million). CFTC

CFTC Announces Record-Breaking $30 Million Whistleblower Award

Posted  07/12/18
Today, the Commodity Futures Trading Commission (CFTC) announced a $30 million whistleblower award-the largest ever under the CFTC’s Whistleblower Program. The award, which is nearly triple the size of the CFTC’s previous highest award, is the fifth made under the program since its inception in 2010 and the first under President Trump. In February, Bloomberg reported that a whistleblower would receive a $30...
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