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Apr 15, 2020 by |

California and San Francisco Whistleblower Attorneys: CFTC Announces Large Foreign Currency Exchange Fraud Recovery

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Wants Whistleblower Help

Individuals May Submit Reward Claims 
 

The U.S. Commodity Futures Trading Commission (CFTC) announced in early March a $22.1 million verdict against a group of individuals and companies allegedly engaged in foreign currency exchange fraud. The CFTC complaint charged the defendants with fraudulently soliciting customers to engage in financed retail forex transactions, primarily involving Iraqi Dinar and Vietnamese Dong, misappropriating customer funds, and various registration violations. The CFTC is rewarding those individuals who provided original information for the case. If you have credible information of any sort of currency or commodity trading fraud (including investment pools, gold, futures, options, or virtual currencies like Bitcoins, for example) call the CFTC whistleblower attorneys at Evans Law Firm, Inc. today at (415)441-8669.

Investors and other insiders who provided original information of the alleged misrepresentations and fraud will be rewarded. The CFTC has paid out approximately $100 million in awards since its whistleblower program was created under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

If you have credible information of gold, commodities, securities, banking, or tax fraud in California call the Evans Law Firm whistleblower attorneys today at (415)441-8669 and we can help. Our whistleblower attorneys represent whistleblowers in CFTC cases, Securities and Exchange Commission (SEC) cases for securities fraud (related to stocks, bonds, private placements and variable annuities for example), banking fraud under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), Internal Revenue Service (IRS) cases for tax fraud, particularly offshore tax avoidance schemes, and False Claims Act cases against corporations defrauding the government for payments or reimbursements. The government keeps whistleblower identity confidential as long as possible under the law and whistleblower laws protect whistleblowers from retaliation by their employers. Our lawyers represent whistleblowers in their underlying whistleblower actions and also in any lawsuit for wrongful termination or other retaliation by their employer.

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