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Aug 3, 2018 by |

California and San Francisco Whistleblower and Securities Attorneys: Virtual Currency Fraud Schemes

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Wants Whistleblower Help

Commission Offers Rewards

There’s a lot of hype these days about money to be made in trading virtual currencies and digital tokens like Bitcoin  Be careful with these investments.  Do not purchase digital coins or tokens based on social media tips or sudden price increases. The Commodity Futures Trading Commission (CFTC), the government agency that oversees virtual currency trades, recently said just that in an alert on cryptocurrency scams.  In the alert, the CFTC advised consumers that these investments are often sold in scams known as pump and dumps.  Organizers of these scams run up (“pump”) prices and then dump the tokens on the market causing prices to collapse.  Buyers can lose big time in a matter of minutes, according to the CFTC alert.  The CFTC will reward whistleblowers who have original information that leads to prosecution and sanctions against the organizers of these scams.

That’s where the California and San Francisco securities whistleblower attorneys at Evans Law Firm, Inc. can help you. If you have credible information of such scams, our lawyers can organize your information into a whistleblower application.  We can guide your application from initial submission through investigation and discovery to trial or settlement.  If you have credible information of securities fraud in California call us today at (415)441-8669 and we can help. Our whistleblower attorneys also represent whistleblowers in Securities and Exchange Commission (SEC) cases for securities fraud and Internal Revenue Service (IRS) cases for tax fraud, particularly offshore tax avoidance schemes.

The CFTC requires hard evidence of any such schemes or other illegal activity. Mere suspicions are not sufficient.  If you have evidence of a fraud, seek the help of counsel at Evans Law Firm. There are strict rules for reporting tips and you do not want to jeopardize your chances of a reward by simply calling in your tip.  Rewards can be as high as 10-30% of amounts recovered.  Last year alone, the CFTC awarded over $45 million to whistleblowers.

Contact Us

If you have information regarding a whistleblower/qui tam case in San Francisco or elsewhere in California involving the Commodities Futures Trading Commission Whistleblower Program, the Securities and Exchange Commission Whistleblower Program, False Claims Act cases, the Internal Revenue Service Whistleblower Office, the FINRA Whistleblower Office or other illegal activity, contact the California whistleblower attorneys at Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with complex financial contracts and large insurance companies. 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, qui tam and whistleblower law, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

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