CFTC Issues Annual Whistleblower Report Highlighting Continued Success of CFTC Whistleblower Program
Posted 11/22/24
Whistleblower Rewards
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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...
SEC Awards Another Whistleblower $37 Million
Posted 07/29/24
February 28, 2024
The owner and operator of a clinical laboratory in Georgia has pleaded guilty and agreed to pay $14.3 million to resolve charges of paying illegal kickbacks and causing false claims to be submitted to Georgia’s Medicaid program. According to Capstone Diagnostics’ former laboratory manager, Andrew Maloney directed Capstone to pay volume-based commissions to independent sales representatives in exchange for them arranging medically unnecessary urine drug tests and respiratory pathogen panels to come their way. The laboratory ultimately submitted over $1 million in tainted claims to Georgia Medicaid. For bringing a successful case under the False Claims Act, whistleblower Jesse Allen will receive almost $3 million. DOJTop Ten Whistleblower Recoveries for 2023
Posted 01/22/24
Top Ten SEC and CFTC Whistleblower Awards for 2023
Posted 01/16/24
December 22, 2023
Seven whistleblowers will receive over $28 million combined for providing information that significantly contributed to an SEC investigation. The group, comprised of a single claimant and two sets of joint claimants, provided significant and detailed information at crucial points in the investigation, saving the SEC staff considerable time and resources. SECCatch of the Week: AECOM
Posted 10/30/23
October 24, 2023
AECOM, an architecture and engineering firm in Texas, has agreed to pay $11.8 million to resolve allegations of defrauding FEMA and violating the False Claims Act in connection with efforts to rebuild educational facilities damaged by Hurricane Katrina. While serving as a technical assistance contractor for FEMA, AECOM allegedly helped applicants submit fraudulent requests for disaster assistance funds, resulting in some applicants receiving funds in excess of what was permitted. The misconduct was revealed by whistleblower Robert Romero, who will receive a relator’s share of $2.4 million as part of the settlement. DOJCFTC Makes $18 Million Whistleblower Award
Posted 10/13/23
