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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.

 

Employee Whistleblower Rights

CFTC and SEC Bounty Actions protect financial professionals, investors, and former financial professionals. More specifically, the agencies prohibit employers from forcing employees and former employees from signing away their employee whistleblower rights. Further, these whistleblower protections prevent corporations from forcing investors from signing away their rights.

Employee Whistleblower Rights
Employee Bounty Action Rights

Bounty Actions Target Financial Fraud and Other Illegal Conduct

Bounty Actions target illegal conduct including violations of the Securities Exchange Act and Commodities Exchange Act.  More specifically, the SEC targets securities violations and other investment fraud. Further, the CFTC targets money laundering, market manipulation, corrupt practices, and insider trading.

Whistleblower Protections Protect Employee and Former Employee Whistleblower Rights

Both agencies prevent employers from forcing employees to give away their rights to expose illegal conduct. Further, these whistleblower protections apply to retiring and other former employees. More specifically, the agencies prohibit banks and other financial institutions from signing severance agreements blocking bounty actions.

The agencies have taken actions against banks and other corporations who have attempted to prohibit bounty actions. For this reason former employees have bounty action rights regardless of any severance agreement they have signed to the contrary. As such, the agencies encourage employees and former employees to anonymously report illegal conduct.

The Agencies Also Prevent Corporations from Blocking Investor Bounty Action Rights

The SEC and CFTC prohibit corporations from forcing investors signing away their whistleblower bounty action rights. In fact, the SEC recently took action against companies that attempted to force investors to sign away their rights. Further, the SEC clearly prohibits agreements preventing investors reporting potential securities law violations to law enforcement. These agreements violate the SEC whistleblower protections.

SEC and CFTC Whistleblower Protections Broadly Protect Employees and Investors

SEC and CFTC whistleblower protections broadly protect employees. Further, these protections protect investors and anyone who seeks to report illegal conduct through bounty actions.

More Information on Employee Whistleblower Rights and Protections

Please go to the following webpages for more information: Employee Whistleblower Lawyer Information and Employee Whistleblower Protections.

SEC Anonymous Whistleblower Rewards

The Securities and Exchange Commission (SEC) regulates financial markets in the United States. More specifically, the agency regulates many participants engaged in investment and stock exchanges. The agency’s goal is to protect investors from investment fraud and other Illegal conduct. To obtain this goal, the agency uses SEC anonymous whistleblower rewards. These rewards are also called bounty actions.

SEC Anonymous Whistleblower Rewards Allow Anonymous Reporting of Investment Fraud and Other Illegal Conduct

Bounty Actions offer whistleblower rewards to investors and financial professionals who anonymously expose fraud and other illegal schemes. More specifically, the agency uses bounty actions to target hard to detect violations of the Securities Exchange Act and other laws. The illegal conduct needs to be significant and based on original information. In other words, the illegal scheme needs to impact at least several millions of dollars. Further, the original information needs to be based on information not readily available to the public.

SEC Anonymous Whistleblower Rewards
SEC Anonymous Whistleblower Rewards

The SEC Targets Specific Types of Illegal Conduct

While the SEC regulates the financial markets, it commonly targets specific illegal conduct.  In fiscal year 2019, the SEC brought 862 enforcement actions. These actions enforced issuer disclosure and accounting violations. The agency also took action on  auditor misconduct and investment advisory issues. Further, it took action on securities offerings and cryptocurrency offerings.

The agency also commonly takes actions on market manipulation schemes, insider trading schemes, and broker-dealer misconduct. Through the enforcement actions, the SEC obtained judgments and orders totaling more than $4.3 billion in disgorgement and penalties.

SEC Bounty Action Rewards

To date, the SEC has given whistleblowers over $380 million. These SEC whistleblower rewards are calculated as a percentage of the amount of money recovered by the SEC. The percentage can be between 10% to 30% of the money recovered. More specifically, a whistleblower who anonymously exposes a $100 million scheme can recover from $10 million to $30 million.

More Information on SEC Anonymous Whistleblower Rewards

Please go to the following webpages for more information on SEC Anonymous Whistleblower Rewards: SEC Bounty Action Lawyer and Expose Securities Fraud and Earn Large Financial Rewards.

 

 

Bank Secrecy Act Violations

The Commodity Futures Trade Commission regulates a large part of the global financial markets. More specifically, the agency prevents large money laundering schemes and other illegal actions. Further, the agency offers bounties to those who expose Bank Secrecy Act violations. These bounties are large financial rewards and can be collected anonymously.

Bank Secrecy Act Violations
Preventing Money Laundering and Corruption

Violations of the Bank Secrecy Act Can Be The Basis of Large Bounty Actions

The Bank Secrecy Act requires Futures Commission Merchants (“FCMs”) and Introducing Brokers (“IBs”) to comply with several laws.  More specifically, the Act requires FCMs and IBs to maintain and implement a written anti-money laundering (AML) policy. Further, FCMs and IBs need a written customer identification program (“CIP”). Both types of professionals also should file suspicious activity reports (“SARs”) and currency transaction reports (“CTRs”). Violations of these requirements can be the basis of Bounty Actions.

Bounty Actions encourage individuals with original knowledge of Future Commission Merchants or Introducing Brokers violating the BSA to report the violations. Further, the Bounty Actions offer large potential rewards to individuals who report significant violations.

Specific Bank Secrecy Act Violations

The CFTC is seeking Bounty Actions involving several specific schemes and violations. More specifically, targeted violations include improper supervision and records violations. They also want violations related to failures to diligently supervise officers’, employees’, and agents’ opening and handling of accounts. The agency also wants help detecting other types of significant fraud and corruption in the markets.

Other BSA violations targeted include improper enforcement of trading limits assigned by regulators and inadequate CIPs. Additionally, the agency wants to know about FCMs and IBs who fail to properly file required SARs.

The CFTC Is Expanding Its Enforcement Efforts to Detect Corporate Compliance in Preventing Money Laundering

The CFTC is expanding its enforcement efforts into corporate failures to properly implement compliance programs. More specifically, through Bounty Actions the CFTC wants to regulate hard to detect illegal conduct.

More Information on CFTC Bounty Actions

For more information on CFTC Bounty Actions, please go to the following web pages: Anonymous CFTC Bounty Action Information and CFTC Whistleblower Law Information.

Financial Analyst Whistleblowers

Financial analysts are a select group of professionals who through their expertise often have original information of fraud in the financial market. For this reason, the SEC and CFTC encourage financial analyst whistleblowers to expose significant financial fraud. Further, both agencies use anonymous whistleblower reward laws to encourage financial analysts to expose hard to detect fraud.

Financial Analyst Whistleblowers
Financial Analyst Whistleblower Rewards

Financial Analysts and Money Managers Commonly Have Specialized Knowledge of Significant Financial Fraud

Because of their expertise, financial analysts commonly detect significant fraud schemes in the financial markets. SEC and CFTC bounty actions want this specialized knowledge and are offering financial rewards for it.

More specifically, a financial analyst’s independent analysis of the financial markets often detects market manipulation and other investment fraud schemes. This original information can be the basis of SEC and CFTC bounty actions which pay large financial rewards. As such, financial analysts, money managers, and other financial professionals have a strong economic incentive to expose significant fraud.

SEC and CFTC Bounty Actions Offer Protections to Financial Analyst Whistleblowers

Further, these bounty actions offer whistleblower protections to financial professionals. More specifically, the whistleblower reward laws allow whistleblowers to expose fraud anonymously. Financial analysts need to report the fraud through a lawyer in order to report the fraud anonymously.

The laws also protect financial analysts from retaliation including termination. Further, the laws prevent companies from requiring employees or former employees signing away their bounty action rights. Therefore, former and retired financial professionals retain their right to expose fraud through bounty actions. Further, companies that block this right through severance agreements can be held liable for damages.

More Information on Anonymous Financial Analyst Bounty Actions and other Anonymous Bounty Actions

For more information on this topic, please go to the following webpages: Financial Analyst Whistleblower Reward Information and SEC and CFTC Bounty Actions.

Swap Fraud Bounty Actions

The CFTC regulates swap trades in the financial markets. Further, the agency uses bounty actions to detect fraud schemes in the swap markets. These swap fraud bounty actions allow investors and financial professionals to anonymously expose fraud and collect large rewards.

Swap-Fraud-Bounty-Actions
Anonymously Expose Swap Agreement Fraud

What is a Swap?

A swap allows counter parties to exchange (or “swap”) a series of cash flows based on a specified time horizon. The counter parties use a swap agreement to hedge or speculate on the variable cash flows or liabilities in the swap. The swap agreement defines the dates when the cash flows are to be paid and the way they are accrued and calculated.

The swap agreement also defines the variable cash flow or leg of the swap.  Counter parties commonly use swaps for uncertain variables such as a floating interest rate, foreign exchange rate, equity price, or commodity price.

Investors Use Swaps to Speculate and Hedge Risks

More specifically, investors use swaps to hedge against certain positions or risks such as changes in interest rates. Investors also use swaps to speculate on future changes in the expected direction of underlying index or currency prices.

The Large Size of the Swap Market Invites Complicated Fraud Schemes

The swap market is one of the largest and most liquid global marketplaces. According to the recent statistics, the notional amount outstanding in over-the-counter interest rate swaps alone was more than $542 trillion. These large values invite complicated fraud schemes.

Swap Investors Typically Customize Swap Agreements Allowing For Complicated Fraud Schemes

There are several types of swaps including currency swaps, equity swaps, and credit swaps. Further, investors commonly customize swaps to the point where there are few standardized swap agreements. In other words, swap contracts cannot be easily traded on an exchange and are not typically standardized. The variety of customized swaps and types of swaps make swap fraud hard to detect.

High End Investors and Financial Professionals Need to Expose Hard to Detect Fraud Through Swap Fraud Bounty Actions

The large variety of swap agreements and amount of wealth in the swaps market make it ripe for hard to detect fraud. For this reason, high end investors and financial professionals need to expose hard to detect fraud in the swaps market.

More Information on Swap Fraud Bounty Actions and Other CFTC Bounty Actions

Please feel free to go to the following webpages for more information on this topic: CFTC Bounty Action Lawyer and Anonymous Bounty Actions.

CFTC FCPA Bounty Actions

The CFTC is targeting violations of the Foreign Corrupt Practice Act that manipulate the commodities market. These violations focus on illegal bribes that seek to improperly influence foreign officials and manipulate the market. Further, the agency is targeting companies who pay illegal payments related to fraud, manipulation, false reporting, or a number of other types of violations under the CEA and Commission Regulations. For this reason the agency uses Anonymous CFTC FCPA Bounty Actions to detect violations of the CEA and FCPA.

CFTC FCPA Bounty Actions
Illegal Bribe CFTC FCPA Bounty Actions

CFTC FCPA Bounty Action Enforcement

The CFTC enforces CEA provisions that encompass foreign corrupt practices. Such misconduct includes illegal bribes that alter prices in the commodity markets. These prices drive the U.S. derivatives prices. This misconduct also covers bribes paid to secure business in connection with regulated activities. The regulated activities include trading, advising, or dealing in swaps or derivatives, paid out of funds investors believed were being used to invest.

Additionally, the agency regulates bribes used to manipulate benchmarks related to the derivative market. More specifically, the agency is targeting bribes that are the product of corruption and might be falsely reported to benchmarks.

The CFTC Encourages Internationals, Financial Professionals, and Other Individuals With Specific Knowledge of Significant Bribes to Expose Bribery Schemes

CFTC FCPA Bounty Actions encourage individuals with original knowledge of international bribes to expose bribery schemes. Further, they want international and financial professionals with specific information of large bribery schemes to anonymously expose these schemes.  Through large financial rewards, the agency encourages the public to expose bribery schemes. The agency also offers whistleblower protections including the ability to anonymously expose corruption.

CFTC FCPA Bounty Action Rewards are often substantial as the agency awards a percentage of funds recovered. For significant bribery schemes, the agency rewards tens of millions of dollars or more to individuals.

More Information on CFTC FCPA Bounty Actions

The CFTC regulates the commodity market including the swaps and currency market. The agency also uses bounty actions to detect hard to detect investment fraud. Much of this fraud involves  violations of the FCPA. For more information on FCPA Bounty Actions, please go to the following web pages: International Whistleblower Information, FCPA Whistleblower Lawyer, and Illegal Bribes Can Be The Basis of Bounty Actions.

Insider Trading Bounty Actions

Insider trading bounty actions allow financial professionals to anonymously expose inside trading schemes and collect financial rewards.  These Bounty Actions target brokers, insiders, and others illegally using non-public insider information.

Insider Trading Bounty Actions
Insider Trading Scheme Bounty Actions

The CFTC Is Targeting Specific Types of Insider Trading Schemes

The United States Commodity Future Trade Commission regulates illegal conduct in the commodities market.  More specifically, it oversees futures contracts of commodities including currencies and swaps.  Detecting insider trading in these complicated financial investments can be difficult.

For this reason the CFTC encourages financial professionals to anonymously report hard to detect insider trading schemes. More specifically, they are targeting trades made on market moving information that the source had a duty to protect.

Brokers And Employee Who Use Material Nonpublic Information For Illegal Trades Are a Target

The CFTC is also targeting brokers front running customer orders or taking the other side of any customer order without consent. The agency is also seeking information on tips or trades employees make using material nonpublic information obtained by virtue of employment.

Other Types of Insider Trade Schemes

Other targeted schemes involve trades on material nonpublic information that was obtained by fraud or deception. Additionally, the agency is targeting FCMs or brokers improperly disclosing customer orders or other material nonpublic information MNPI.

Swap Insider Trade Bounty Actions

Swap dealers or major swap participants improperly disclosing material nonpublic information MNPI or using MNPI provided by a counterparty without the counterparty’s consent. Persons with knowledge of illegal use of material nonpublic information in swaps are encouraged to anonymously report the schemes.

More Information on Inside Trading Schemes and Large Anonymously Reported CFTC and SEC Bounty Actions

For more information on anonymously reporting Insider Trading Schemes, please go to the following webpages: Anonymous CFTC and SEC Bounty Actions and Insider Trading SEC Bounty Actions.

Cryptocurrency Fraud Bounty Actions

Both the SEC and CFTC regulate cryptocurrency in the financial markets.  Both agencies use bounty action rewards to detect cryptocurrency fraud.  These Cryptocurrency Fraud Bounty Actions allow professionals and investors to anonymously expose fraud and collect rewards.

Cryptocurrency Fraud Bounty Actions
Cryptocurrency Fraud Bounty Actions

The United States Securities Exchange Commission Regulates Cryptocurrency Offerings and is Targeting Fraud in the Market

The SEC regulates some types of cryptocurrency as securities. In doing so, the SEC regulates offerings and can block unlawful offerings that could flood the cryptocurrency market. As an example the SEC took action to block a $1.7 Billion cryptocurrency offering earlier this week.

In regulating cryptocurrency and cryptocurrency ETFs as securities, the SEC targets all fraud schemes and securities violations.

The United States Commodity Future Trading Commission Also Regulates The Cryptocurrency Market and Wants Information Technology Professionals and Finance Professionals to Expose Fraud

The CFTC also regulates the cryptocurrency market and classifies virtual currencies and ether as commodities.  Further, the CFTC targets companies and individuals who fraudulently solicit investments in virtual currencies. More specifically, the agency is targeting specific types of cryptocurrency fraud schemes through bounty actions.  One type of cryptocurrency fraud are virtual currency price manipulation schemes (like pump-and-dump schemes). They are also targeting pre-arranged or wash trading of virtual currencies including swaps or futures contracts based on virtual currencies.

The CFTC is also targeting virtual currency trades by certain types of unregistered platforms and unregistered persons such as off-exchange leveraged, margined, or financed commodity transactions. Supervision failures or fraudulent conduct are also being targeted by virtual currency exchanges.

More Information on SEC and CFTC Bounty Actions

For more information on Cryptocurrency Fraud as a basis for SEC and CFTC Bounty Actions and anonymous reporting of market fraud, please go to the following web pages: Anonymous Reporting Through Bounty Actions and Securities Fraud and Commodities Fraud Can Be The Basis of Bounty Actions.