Jul 24, 2019 by |

California and San Francisco Whistleblower Attorneys: Large CFTC Whistleblower Awards

ATTORNEY NEWSLETTER

Commodity Futures Trading Commission Wants Whistleblower Help

Commission Issues $2 Million Reward

On July 1, the U.S. Commodity Futures Trading Commission (CFTC) announced a whistleblower award of $2 million to two whistleblowers who blew the whistle on violations of commodities trading regulations.[1] The CFTC is the government agency that oversees commodities and futures trading, options, derivatives and virtual currency (like Bitcoin) trades. The CFTC rewards whistleblowers whose information that leads to prosecution and sanctions against the organizers of fraudulent schemes in the trading of these investments.  In the July 1 announcement, the CFTC noted that it found numerous violations of the Commodity Exchange Act (CEA) that were directly based on information from the whistleblowers. The multiple interviews and numerous documents the whistleblowers provided were highly informative and formed the basis of the CFTC’s investigation, according to the agency’s press release.

If you have credible information of 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.

Since issuing its first award in 2014, the CFTC has awarded more than $90 million to whistleblowers. Regardless of whether the CFTC ultimately grants an award, the CFTC will not disclose any information which could reasonably be expected to reveal a whistleblower’s identity, except in limited circumstances such as when disclosure is required in connection with a public proceeding.  If a reward is granted, the CFTC will not disclose the name of the enforcement action in which the whistleblower provided information, the award percentage granted to the whistleblower, and the exact dollar amount of the award granted.  In short, your identity will be protected if you come forward. Your employer may not retaliate against you for bringing your case and if they do, the litigators at Evans Law Firm can represent you in any wrongful termination suit as well as in your underlying whistleblower case.

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, banking fraud under FIRREA, or other illegal activity, contact Ingrid M. Evans and the other 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.

[1] Evans Law Firm, Inc. was not involved in this case in any way.

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