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Sep 2, 2020 by |

California and Marin County Whistleblower Attorneys: $9 Million Whistleblower Award Under The Dodd-Frank Wall Street Reform And Consumer Protection Act Of 2010

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Rewards Whistleblowers

Whistleblower Rewards and Protections Created By Dodd-Frank Act

Multiple Agencies May Be Involved In Your Case

The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information of fraudulent trading schemes in commodities like gold or other precious metals. See 7 U.S.C. § 26; 17 C.F.R. Part 165 et seq. The CFTC’s whistleblower program was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank). Pub. L. No.111-203, 124 Stat. 1376 (2010). Since issuing its first award, the CFTC has awarded over $120 million to whistleblowers. If you have credible information of any sort of futures, options, currency or commodity trading fraud (including investment pools, gold, futures, options, or virtual currencies) call the CFTC whistleblower attorneys at Evans Law Firm, Inc. today at (415)441-8669 or toll free at (888) 503-8267.

On July 27, the CFTC announced an award of $9 million to a whistleblower whose specific, credible, and timely tip led the Commission to open an investigation and ultimately bring a successful enforcement action against a commodities trading scheme allegedly run by defendant.*  This award is one of the five largest granted in the history of the CFTC Whistleblower Program. “We recognize that often whistleblowers come forward to report misconduct at great personal and professional risk,” said CFTC Director of Enforcement James McDonald. “Cases like this serve as a reminder that the Whistleblower Program can reward that courage in a very real way, helping to soften the blow of any adverse consequences those whistleblowers might face.”

How Evans Law Firm Can Help You

All government agencies involved in reviewing whistleblower information keep whistleblower identity confidential as long as possible and now whistleblower laws protect whistleblowers from employer retaliation in all these kinds of cases. Cases brought under the Dodd-Frank whistleblower statute may involve more agencies than the CFTC; trading violations may also violate securities and tax laws bringing in other government agencies like the U.S. Securities and Exchange Commission and the Internal Revenue Service (IRS) The whistleblower attorneys at Evans Law Firm will ensure your information is presented to all applicable agencies. Our lawyers can also represent you in any lawsuit for wrongful termination or other retaliation by your employer. Federal whistleblower retaliation protection laws may entitle you to reinstatement, double back pay plus interest, and attorneys’ fees and expenses for bringing your suit. See, e.g., 18 U.S.C. § 1514A (securities fraud whistleblower retaliation); 31 U.S.C. § 3730(h)(False Claims Act retaliation); I.R.C. § 7623(IRS whistleblower retaliation protection).

Contact Us

If you have information regarding any commodities, futures, or securities trading fraud contact Ingrid M. Evans and the other CFTC and SEC whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, toll free at (888)503-8267, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our whistleblower attorneys also handle cases involving offshore tax avoidance schemes or other tax fraud before the Internal Revenue Service, bank fraud under the Financial Reform, Recovery, and Enforcement Act (FIRREA/FIAFEA), False Claims Act cases, the FINRA Whistleblower Office, and the California False Claims Act. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

*Evans Law Firm, Inc. was not involved in the reported case in any way.

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