Hang Onto Your Heart and Wallet this Valentines Day: How to Protect Yourself Against Romance Scams
Posted 02/14/25
With romance scams, the heart isn’t the only thing being stolen. While people are busy falling for sweet words and flirtatious folly, scammers are working their magic to woo people’s wallets across the globe.
In time for Valentine’s Day, the Commodity Futures Trading Commission’s Office of Customer Education and Outreach recently launched an awareness program to combat the epidemic of relationship...
From our recent survey of top SEC fraud recoveries this past year, we found it was not an especially standout year for the securities regulator in terms of big-dollar hauls. It was not necessarily a banner year for the Commodity Futures Trading Commission (CFTC) either in terms of its fraud recoveries. Only five of them brought in 9-digit amounts or higher.
But the Number 1 hit -- the eye-popping $12.7 billion...
CFTC Promotes Whistleblower Chief Brian Young to Acting Head of Enforcement
Posted 01/27/25
Last week (January 22), Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham announced a slew of leadership changes at the commodities regulator. Key among them was elevating current head of the CFTC Whistleblower Office Brian Young to Acting Director of the CFTC's Division of Enforcement.
It is a big move for Young who has been with the agency for less than a year. He joined last February...
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...
Top Ten SEC and CFTC Whistleblower Awards for 2023
Posted 01/16/24
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...
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...
The CFTC has awarded more than $18 million to a whistleblower. According to the agency, the whistleblower’s detailed information and significant assistance led to enforcement actions by the CFTC as well as another agency. CFTC
The CFTC has awarded more than $300,000 to a whistleblower whose tip led to an investigation and whose aid led to a successful enforcement action. The whistleblower’s information was described as particularly informative and precise, and helped save the agency substantial resources. CFTC
Yesterday (September 19), the Commodity Futures Trading Commission (CFTC) announced its award of $15 million to two whistleblowers. Keeping to its commitment of protecting the identity of its whistleblowers, we do not know who the whistleblowers are or the enforcement actions to which the rewards relate. All we know is the whistleblowers "provided significant information and assistance that led the CFTC to bring...
Two whistleblowers who provided significant information and assistance to the CFTC has been awarded over $15 million for aiding in successful enforcement actions. According to the agency, one whistleblower interpreted key evidence and helped identify new lines of inquiry, while the second whistleblower provided information that launched the investigation, provided a corroborating witness, and provided a declaration in support. CFTC