CFTC Whistleblower Incentives and Rewards

The Commodity Futures Trading Commission (CFTC) commonly works with other government agencies to stop illegal conduct. Further, the CFTC offers large financial rewards to anonymous whistleblowers who expose illegal conduct. More specifically, the agency uses CFTC whistleblower incentives and rewards to detect fraud in the financial markets. These incentives pay millions of dollars to financial professionals who anonymously expose these investment schemes.

CFTC Whistleblower Incentives
CFTC Whistleblower Incentives, Rewards, and Protections

The CFTC Pays Large Financial Rewards to Anonymous Whistleblowers

CFTC whistleblower incentives and rewards pay between 10% and 30% of money recovered by the government to whistleblowers. The CFTC often makes extremely large recoveries as it regulates the commodities markets. More specifically, the CFTC regulates several large markets including 1) currencies, 2) oil and gas, 3) swaps, 4) cryptocurrencies, and 5) precious metals. Based on the CFTC’s regulatory powers, the agency commonly fines large corporations and investors several millions or more.

CFTC Whistleblower Incentives Offer Whistleblower Protections to Professionals

The CFTC offers whistleblower protections to individuals with specialized knowledge of significant fraud. These protections and CFTC whistleblower incentives encourage financial professionals and high end investors to expose illegal conduct. These protections and incentives protect whistleblowers’ identities, careers, and reputations.

CFTC Incentives and Protections Target Market Manipulation Schemes and Other Illegal Conduct

The CFTC uses incentives and protections to identify significant illegal conduct in the financial markets. More specifically, the CFTC targets 1) market manipulation schemes, 2) investment fraud, 3) corrupt practices, 4) money laundering, and 5) insider trading.  The agency also regulates and fines several other types of illegal conduct including broker fraud.

The CFTC Works With Other Governmental Agencies

The CFTC commonly works with other government agencies in the United States. Further, the agency commonly works with the Securities Exchange Commission SEC, Department of Justice DOJ, and other government agencies. The CFTC also commonly works with other countries to regulate global markets and multinational corporations.

More Information of CFTC Whistleblower Incentives and Protections

For more information on this topic and other similar topics, please go the following: Anonymous CFTC Bounty Actions, SEC Anonymous Whistleblower Rewards, and Whisteblower Reward Lawyer.

Private Equity Bounty Actions

The SEC and CFTC use bounty actions to identify fraud and other illegal conduct in the financial markets. More specifically, both agencies regulate private equity firms, companies, and transactions through bounty and enforcement actions.  Further, both agencies use private equity bounty actions to identify significant fraud and illegal conduct in the dealings of private companies and their executives.

Private Equity Bounty Actions
Disclosure Fraud and Other Investment Fraud Can Be The Basis of Private Equity Bounty Actions

The SEC Regulates Private Companies

SEC representatives clearly state that “being a private company comes with serious obligations to investors and the markets.” Further, the agency monitors private companies in respect to their reporting to actual and potential investors.

The SEC also enforces securities and investment fraud schemes committed by individuals and private companies. These enforcement actions fine and punish private companies for disclosure violations, fraud, and other illegal conduct.

The SEC Regulates Private Investment Advisers and Private Equity Funds

Traditionally, the SEC left most private equity advisers and transactions alone. From 1940 to 2010,   the private adviser exemption allowed most private equity advisers and transactions unregulated. However, in 2010 The Dodd-Frank Act erased the private adviser exemption. Thus, Dodd-Frank requires all private equity firms with more than $150 million in assets to register with the SEC in the category of “Investment Advisers.”

More specifically, the SEC regulates investment advisers and private equity funds through the Advisers Act. This Act requires all non-exempt private equity fund investment advisers to register with the SEC. Further, the SEC requires these investment advisers to comply with securities laws and disclosure requirements. More specifically, the SEC requires these private equity funds to report information to the SEC. More specifically, depending on the investment adviser and equity fund, the SEC requires specific disclosures. Failure to make these disclosure or making false disclosures can be the basis of enforcement and bounty actions.

Fraudulent Assets Under Management Determinations and Disclosures

Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.  That being said, fraudulent determinations and disclosures regarding AUM can trigger regulatory and enforcement actions.

More Information of Anonymous SEC and CFTC Private Equity Bounty Actions

For more information on this topic, please go to the following webpages: SEC Bounty Actions, CFTC Bounty Actions, and SEC Anonymous Bounty Actions.

CFTC Bounty Action Rewards

The Commodity Futures Trading Commission regulates the commodities markets. Further, the CFTC works with other government agencies to ensure the integrity of global financial markets. More specifically, the CFTC regulates digital currencies, derivative markets, commodity markets, swap markets, and other investments. In doing so, the CFTC uses anonymous CFTC bounty action rewards to identify fraud schemes and other illegal conduct.

CFTC Bounty Action Rewards
CFTC Bounty Action Rewards Allow Whistleblowers to Anonymously Expose Investment Fraud, Market Manipulation Schemes, and other Illegal Conduct.

CFTC Bounty Action Rewards Over $100 Million to Whistleblowers

Since 2014, the CFTC has awarded approximately $100 million to whistleblowers. The Commission actions associated with those awards have resulted in sanctions orders totaling more than $800 million.

Anonymous CFTC Bounty Action Rewards

CFTC Bounty Actions allow whistleblowers to report investment fraud schemes anonymously through a lawyer and collect rewards. This whistleblower protection protects whistleblower identities and careers. It also helps whistleblowers hire a lawyer to understand how to properly report illegal conduct.

Recent CFTC Action on Fraudulent Investment Scheme

The CFTC charged multiple defendants with fraudulently soliciting and misappropriating approximately $33 million in digital assets. Further, the complaint specifically alleges that from at least August 2017 through December 2019 defendants operated a fraudulent scheme. More specifically, the  defendants solicited funds to purportedly trade digital assets and then misappropriated those funds. Further, the agency alleges that defendants engaged in numerous misrepresentations. These fraudulent misrepresentations include false claims regarding earnings, algorithm success, and abilities to transfer or withdraw customer funds.

Further, in reality the defendants sent only a small portion of the customers’ funds to digital asset trading accounts, did not earn the trading profits they claimed, and misappropriated funds. To conceal the fraud, the defendants provided customers with false accounting statements, newsletters containing false trading returns, and fictitious screenshots reflecting the amount of money under the defendant’s management.

Related Wire Fraud and Misappropriation

The CFTC also works with the SEC and DOJ. As such, the CFTC and SEC identified additional illegal conduct at these companies. This conduct violates wire fraud and securities law. As such, the DOJ, SEC, and CFTC are working on prosecuting the crimes. Illegal conduct such as the above investment fraud can be the basis of bounty actions.

More Information of CFTC Bounty Action Rewards

For more information on anonymous bounty actions, please go to the following webpages: SEC Bounty Actions, CFTC Whistleblower Rewards, and International Bounty Actions.

Expose Illegal Bribery Schemes

The United States government and other governments enforce anti-bribery laws. These laws target international illegal bribery schemes, fraudulent accounting, and other illegal conduct. Further, multinational corporations who violate these laws pay large fines. In fact, in the last two months large multinational corporations have paid over $5 billion in fines.  Additionally, government agencies pay large financial rewards to individuals who anonymously expose illegal bribery schemes.

Expose Illegal Bribery Schemes
Governments Recover Over $5 Billion from Multinational Corporations for Illegal Bribery Schemes

International Telecommunications Corporation Ericsson Settles International Illegal Bribery Scheme Charges

Telefonaktiebolaget LM Ericsson, a multinational telecommunications company, settles illegal bribery charges. Ericsson pays more than $1 billion for violations of the Foreign Corrupt Practices Act (FCPA).  These violations include illegal bribery and accounting fraud allegations. The US Department of Justice and Securities Exchange Commission enforce anti bribery laws globally.

International Aircraft Manufacturer Airbus Settles Illegal Bribery Scheme Charges

Airbus SE settles global illegal bribery and trade charges for $4,000,000,000 (four billion dollars US). Further, a Whistleblower brought this illegal bribery scheme to the attention of French, United Kingdom, and United States authorities.  All three governments investigate international bribery schemes and other illegal conduct.

United States Illegal Bribery Enforcement Agencies

For the United States, the Securities Exchange Commission (SEC), Commodity Future Trade Commission (CFTC), and Department of Justice (DOJ) investigate illegal bribery schemes.  Further, both the SEC and CFTC offer large financial rewards to whistleblowers who anonymously expose illegal bribery schemes.

French and United Kingdom Illegal Bribery Enforcement Agencies

The French national prosecutor Parquet National Financier (PNF) enforces international illegal bribery schemes.

The Serious Fraud Office enforces the UK Bribery Act and regulates illegal bribery schemes. Further, this office enforces international illegal bribery schemes even when the conduct occurs in other countries.

International Whistleblowers Who Anonymously Expose Illegal Bribery Schemes Can Earn Large Financial Rewards

The United States uses bounty actions to identify illegal bribery schemes. More specifically, the SEC and CFTC offer large financial rewards to individuals who anonymously expose illegal conduct. Further, these agencies pay a percentage of any funds recovered to international whistleblowers who are the first to provide original information of illegal conduct.

For more information on how to expose illegal bribery schemes, please go to the following webpages: International Whistleblower Rewards and International Financial Services Professionals Can Earn Large Rewards for Anonymously Exposing Bribes.

Employee Whistleblower Protections

Whistleblower Reward Laws protect employees and former employees. More specifically, SEC Bounty Actions, CFTC Bounty Actions, and other whistleblower reward laws protect individuals who expose illegal conduct. These laws provide employee  whistleblower protections including anonymous reporting, protections to former employees, and allowances to use confidential information.

Employee Whistleblower Protections
Bounty Actiions Offer Employee Whistleblower Protections to Employees and Former Employees.

Employee Whistleblower Protection: Anonymous Reporting

CFTC and SEC Bounty Actions offer an Anonymous Reporting whistleblower protection. This protection allows whistleblowers to expose illegal schemes anonymously through a lawyer. The lawyer verifies the identity of the whistleblower, but the Whistleblower’s identity remains anonymous to the agency and wrongdoers. As such, this protection protects the Whistleblower’s identity from their employer and other employees. Further, it encourages whistleblowers to expose hard to detect fraud because it protects their professional career.

Employee Whistleblower Protection: Former and Retired Employees Retain Their Whistleblower Rights

Many employers require former employees to sign releases when they are terminated and receive severance.  This whistleblower protection prevents employers from forcing employees to sign releases that waive their bounty action whistleblower rights. In fact, the SEC fines companies that attempt to force employees to waive their whistleblower rights.

Former and retired employees retain their bounty action whistleblower rights regardless of the releases they have sign. In fact, if they have signed a release that takes their bounty action whistleblower rights, they should contact a lawyer to review the release.

Whistleblower Protection: Use of Confidential Information

Whistleblower Reward Laws allow whistleblowers to use and take confidential information. This employee whistleblower is narrowly tailored to protect use of confidential information that proves illegal conduct.  The protection extends to trade secret, intellectual property, and other confidential information. Overall, this protection allows employees and former employees to use protected communications and documents to prove bounty actions.

More Information of Bounty Actions and Employee Whistleblower Protections

For more information on bounty action and whistleblower reward employee whistleblower protections, please go to the following webpages: Employee Whistleblower Lawyer, Employee Whistleblowers Can Earn Large Rewards for Exposing Fraud, and Employee Whistleblower Rights

 

Commodity Spoofing Schemes

The Commodity Futures Trading Commission (CFTC) uses bounty actions to detect violations of the Commodity Exchange Act (CEA). More specifically, the CFTC offers large financial rewards to investors and financial professionals who expose investment fraud schemes. Further, the agency targets futures contract order cancellation fraud and spoofing schemes.  These commodity market manipulation schemes can be the basis of large financial rewards.

Commodity Spoofing Schemes
Commodity Spoofing Scheme and other Market Manipulation Schemes Can Be The Basis of Large CFTC Bounty Actions

What Are Commodity Spoofing Schemes and Commodity Order Fraud Schemes?

A trader “spoofs” when he or she places an order in a futures market with the intention to cancel the order prior to execution. This order fraud manipulates the futures market.  More specifically, the scheme misrepresents supply or demand in order to induce other traders to act in a way beneficial to the spoofer. Systematic spoofing and international order fraud schemes violate the CEA and can be the basis of large bounty actions.

What Commodity Spoofing, Order Fraud, and Market Manipulation Schemes Can Be The Basis of Bounty Actions?

The Commission targets several types of spoofing, order fraud and other market manipulation schemes. More specifically, the CFTC wants information regarding schemes causing artificial market moves.  Most of these schemes involve quick orders and cancellations of futures contracts.

The CFTC specifically targets schemes with conduct such as traders that place and quickly cancel bids and offers in futures contracts in order to benefit other orders and/or positions. Further, schemes where traders quickly place and cancel at or near the best bid or offer. These schemes typically use opposite-side orders.  Additionally, the CFTC target traders who place and cancel multiple orders of the same size repeatedly and simultaneously. Basically, the CFTC targets any scheme designed to cause prices to artificially move.

The CFTC uses its civil authority to charge individuals and companies with spoofing.  The key cases regarding spoofing are In re Tower Research Capital LLC, In re Merrill Lynch Commodities, Inc., In re Mohan, In re Gandhi, CFTC v. Zhao, In re Liew, CFTC v. Sarao, or In re Panther Energy Trading LLC and Coscia.

More Information of Spoofing Bounty Actions and Order Fraud Bounty Actions

For more information on spoofing, order fraud, and market manipulation bounty actions, please go to the following webpages: CFTC Bounty Actions and Commodity Manipulation Schemes Anonymous Rewards.

Whistleblower Reward Laws Collect Billions

Whistleblower Reward Laws including the Federal False Claims Act and Bounty Actions collect billions in wealth each year. These laws offer large financial rewards to professionals with specialized knowledge of fraud.  These laws pay rewards based on a percentage of the amount recovered by the government. The government collects over $5 billion annually through these laws and pays large rewards to whistleblowers.

Whistleblower Reward Laws
Whistleblower Reward Laws Collect Billions and Pay Large Rewards

The Federal False Claim Act Collects Over $3 Billion in 2019

The Department of Justice uses the Federal False Claims Act to regulate government purchasing.  More specifically, this Whistleblower Reward Law targets Medicare, TRICARE, and Medicaid fraud. It also targets fraud committed by federal government contractors including defense contractors.

The Federal False Claim Act helps the government recover taxpayer money. The Act serves as the government’s primary civil tool to redress false claims for federal funds and property.  The Act also helps protect our military and first responders by ensuring that government contractors provide equipment. It also protects American businesses and workers by promoting compliance with customs laws, trade agreements, visa requirements, and small business protections. The Act also protects other critical government programs ranging from the provision of disaster relief funds to farming subsidies.

Since amendments to the law in 1986, the federal government increasingly uses this law collecting over $62 billion. Further, this law brought in more than $3 billion in recoveries in 2019. Use of this law will continue into the future.

Whistleblowers Can Earn Between 15% to 30% of Recovered Funds through the Federal False Claims Act

In 1986, Congress strengthened the Act by increasing incentives for whistleblowers to file lawsuits alleging false claims on behalf of the government.  These whistleblower, or qui tam, actions comprise a significant percentage of the False Claims Act cases that are filed.  If the government prevails in a qui tam action, the whistleblower, also known as the relator, typically receives a portion of the recovery ranging between 15 and 30 percent.  Whistleblowers filed 633 qui tam suits in fiscal year 2019.

Bounty Actions Also Recover Significant Wealth for the Government and Offer Large Financial Rewards

Other whistleblower reward laws including SEC and CFTC bounty actions also collect billions for the government. These bounty actions target fraud in the financial markets. Further, these bounty actions allow whistleblowers to anonymously report fraud and collect large financial rewards.

More Information on Whistleblower Reward Laws

Persons with original knowledge of significant fraud are encouraged through financial rewards to expose fraud.  However, whistleblowers must properly report fraud to qualify for a reward. Further, different whistleblower rewards and protections apply to different types of fraud. For these reasons, it often helpful to understand the different laws and have a lawyer review any potential case.

For more information on whistleblower reward laws, please go to the following webpages: Whistleblower Reward Lawyer, CFTC Bounty Actions, and SEC Bounty Action and Investment Fraud.

SEC ETF Bounty Actions and Market Manipulation

The Securities and Exchange Commission uses anonymous bounty actions to regulate securities. More specifically, the SEC offers financial rewards to individuals who anonymously identify ETF market manipulations. These SEC ETF Bounty Actions encourage high end investors and financial professionals to anonymously expose illegal market manipulation schemes.

SEC ETF Bounty Actions
International SEC ETF Bounty Actions Pay Large Rewards

Illegal Sales of Stocks Can Be The Basis of SEC Bounty Actions

The SEC targets market manipulation schemes including illegal stock sales. These schemes can include international investors involved in market manipulation schemes as well as pump and dump schemes.

The SEC prohibits market manipulation and recently imposed a $35 million fine on investors who secretly dumped large quantities of microcap stock. This SEC action illustrates the agency’s determination to detect fraud and protect investors.  More specifically, the SEC wants to make sure more exotic and complicated ETFs are not used to manipulate the markets.

Illegal Pump and Dump Schemes Can Also Be The Basis of SEC ETF Bounty Actions

The SEC also protects investors from illegal pump and dump market manipulation schemes.  Further, the SEC prohibits the sale of millions of shares while a stock’s price is being artificially inflated and dumped into the market. This prohibition applies to different types of stocks including unregistered stocks and microcap stocks.

Further, the SEC works to root out overseas and domestic players who use microcap markets to take advantage of U.S. investors.

Evasion of Securities Registration Requirements Can Also Be The Basis of Bounty Actions

The SEC also regulates securities registration requirements. Further, the SEC targets those who violate the antifraud and registration provisions of the federal securities laws and who act as unregistered broker-dealers. They also target investors engaged in other manipulative conduct. This conduct includes disguising the true sellers of securities and defrauding investors to generate illicit profits.

SEC Bounty Actions Target Individuals and Entities Globally Who Seek to Defraud US Investors and Markets

The SEC pursues individuals and entities, whether located domestically or abroad, who undertake complex schemes to hide their fraudulent conduct.

Further, the agency uses anonymous bounty actions to encourage investors and financial professionals to expose these schemes. These anonymous bounty actions pay large financial rewards of 10% to 30% of  recovered funds to whistleblowers.

For more information, please go to the following webpages: Anonymous SEC Bounty Actions and Market Manipulation Schemes.

 

International FCPA Bounty Actions

The SEC uses anonymous international FCPA bounty actions with large financial rewards to detect illegal global conspiracies. Further, the SEC works with the DOJ and other government agencies to target multinational corporations who violate the FCPA. More specifically, they target multinational corporations who violate the anti-bribery, books and records, and internal controls provisions of the FCPA. Further, in December 2019, they imposed a billion dollar fine against one corporation for FCPA violations.

FCPA Bounty Actions
International FCPA Bounty Actions

Anonymous International FCPA Bounty Actions

The SEC and CFTC use anonymous bounty actions to detect conspiracies by high-level executives who violate the FCPA. More specifically, the agencies offer large financial rewards to professionals who anonymously expose illegal conduct. This illegal conduct includes illegal bribes, international slush funds, and other violations of the Foreign Corrupt Practices Act.

The financial rewards on these bounty actions range from 10% to 30% of the funds recovered. More specifically, the SEC or CFTC can award $100 million to $300 million on a billion dollar recovery. In other words anonymous whistleblowers can earn large financial rewards. For more information, please go to the following webpage: International Whistleblower Reward Laws and Foreign Corrupt Practices Act Bounty Actions.

International Bounty Actions Target Corrupt Multinational Corporations

Anonymous bounty actions target illegal slush funds, bribes, gifts, and graft. More specifically, anonymous bounty actions target corrupt multinational corporations and executives. Further, the SEC and other United States agencies use bounty actions to detect illegal global conspiracies.

The bounty actions preserve a global commerce system free of corruption. They also provide an effective method to detect money laundering, market manipulation, and other illegal global conspiracies.

Bounty Actions Target Several Types of Global Conspiracies and Illegal Conduct

The SEC uses bounty actions to identify schemes to pay bribes, to falsify books and records, and to fail to implement reasonable internal accounting controls.  They also use bounty actions to detect third party agents and consultants who make bribe payments to government officials or to manage off-the-books slush funds.  Further, bounty actions target sham contracts paid pursuant to false invoices and payments improperly accounted for in books and records. For more information, please go to the following webpage:Illegal Bribe Bounty Actions.

 

Medicare Billing Fraud Whistleblower Rewards

Whisteblower Reward laws target Medicare Fraud and other billing fraud that costs taxpayers over $100 billion each year. More specifically, state and federal governments use Medicare Billing Fraud Whistleblower Rewards to detect criminals who commit healthcare fraud. This fraud includes upcoding, billing for services not rendered, and billing for medically unnecessary procedures.

Medicare Billing Fraud Rewards
Medicare Billing Fraud Whistleblower Rewards

Healthcare Professionals Can Earn Medicare Billing Fraud Rewards by Exposing Systematic Fraud

The federal government and several states use financial rewards to encourage the public to expose healthcare fraud. More specifically, these rewards target healthcare professionals with specialized knowledge of significant Medicare billing scams. These rewards can be extremely large as the amount of the financial rewards are based on any recoveries made by the government.

Whistleblower Reward Laws Offer Whistleblower Protections

Whistleblower Reward Laws also include whistleblower protections. The protections prevent and punish retribution against whistleblowers. These protections include penalties that can be used against employers who retaliate against a whistleblower.

Medicare Billing Fraud Whistleblower Lawyers Offer Confidential Reviews of Potential Claims

Healthcare Professionals commonly consult lawyers to review potential cases. More specifically, Medicare billing fraud lawyers commonly provide free reviews of whistleblower reward cases. Further, the lawyer reviews the fraud scheme to determine viability, evidence, and potential damages. The lawyer also provides advice on whistleblower protections and other related issues. Overall, it can be extremely beneficial to obtain legal advice regarding whistleblower laws prior to taking action or deciding not to take action.

Medicare Billing Fraud is One of the Fastest Growing Crimes in the United States

The cost of healthcare keeps increasing. Further, the number of people on Medicate keeps increasing. The combination of these increases causes an exponential growth in Medicare spending which also creates increased fraud.  Estimates for healthcare fraud are between $100 to $200 billion per year.

More Information of Medicare Billing Fraud Whistleblower Rewards

For more information on this topic, please go to the following webpages: Texas Medicare Fraud Lawyer and Medicare Fraud Whistleblower Reward Information.