CFTC Whistleblower Attorneys

The Commodity Futures Trading Commission (“CFTC”) has a whistleblower program that gives potential whistleblowers a strong monetary incentive to blow the whistle on market manipulation, ponzi schemes, disruptive trading, cryptocurrency currency trading and initial coin offerings or ICOs. Recently, the Dodd-Frank Act was amended to protect whistleblowers from retaliation by employers for blowing the whistle on fraud or malfeasance.

Now, that the SEC has publicly stated that Ether, Bitcoin and other cryptocurrencies are not considered securities and thus not governed by the SEC, but are commodities governed by the CFTC, the whistleblower program should get a major boost as most ICOs and cryptocurrencies are pump-and-dump scams, rife for abuse.

In 2017, enforcement actions stemming from the CFTC whistleblower program resulted in orders totaling $412,726,307 in restitution, disgorgement and penalties. See CFTC Press Release. If you provide the CFTC with original information of violations of the Commodities Exchange Act (“CEA”)  resulting in a final judgment or settlement for more than $1 million in monetary sanctions, you are entitled to receive a monetary award equal to 10% to 30% of the monetary sanctions collected.

Who can blow the whistle?  Anyone. Corporate insiders, market observers, investors, customers, and fraud victims. A whistleblower does not need to be a company insider. Awards are not limited to U.S. Citizens or residents – foreign whistleblowers often receive the largest awards from the CFTC and the SEC. Whistleblowers can also remain anonymous, provided they give the CFTC the means to contact them to investigate the tip – this is why it is essential to have experienced lawyers who can act as intermediaries with the CFTC investigators to maintain your confidentiality.

If you have information about violations of the CEA, contact Klaproth Law for a free confidential, consultation.

You can also submit confidential tips here.