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Aug 12, 2020 by |

California and San Francisco Whistleblower Attorneys: Fraudulent Futures Trading

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Rewards Whistleblowers

Commission Targets Fraudulent Trading Schemes

CFTC Awards Climbing

The U.S. Commodity Futures Trading Commission (CFTC) rewards individuals who provide original information to the CFTC about fraudulent trading schemes in futures, options, foreign currency, virtual currency and commodities like gold or other precious metal trading. In early June, the CFTC announced a $6 million whistleblower award for information on commodities trading fraud and in July has announced more awards. Recent rewards bring the total awarded by the CFTC to private whistleblowers to over $110 million since the inception of the CFTC Whistleblower Program in 2014. 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.

In the CFTC’s most recent award announcement, defendant allegedly orchestrated at least 45 unauthorized, fictitious trades between proprietary accounts he owned with family members and a customer’s accounts over which he had trading authority. These round-turn trades (where one side is both a buy and a sell on the same trade) allegedly moved money out of the customer’s accounts and into the proprietary accounts. Defendant also allegedly engaged in almost 500 other unauthorized, fictitious trades for this customer that allowed him to establish a futures or options position in the proprietary accounts without competitive execution, and in many cases allegedly for a much better price than would have otherwise been obtainable.

How Evans Law Firm Can Help You

A fraudulent securities, banking or commodities trading scheme often violates more than one set of laws and fall within the jurisdiction of more than one supervising government agencies. Our whistleblower litigators will incorporate all applicable violations relevant to your information and follow the applicable rules for any government agency involved. All government agencies will keep 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.

Contact Us

If you have information regarding any commodities or futures trading fraud contact Ingrid M. Evans and the other IRS whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, 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), securities fraud before the Securities and Exchange Commission Whistleblower Program, 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.

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