• Qui Tam
  • SEC
  • CFTC
  • FCPA
  • Whistleblower Resources
  • FAQS
Subscribe
Donate
No Result
View All Result
Whistleblower Network News
The Truth at Any Cost.
Qui Tam, Compliance and Anti-Corruption News.
SIGN THE PETITION FOR NATIONAL WHISTLEBLOWER DAY IN 2023
Whistleblower Network News
  • Qui Tam
  • SEC
  • CFTC
  • FCPA
  • Whistleblower Resources
  • FAQS
Subscribe
Donate
No Result
View All Result
Whistleblower Network News
No Result
View All Result
Home Uncategorized

CFTC Announces $6 Million Whistleblower Award

Ana PopovichbyAna Popovich
June 10, 2020
in Uncategorized
Reading Time: 2 mins read
CFTC
Share on TwitterShare on FacebookShare on LinkedInEmail

Today, the Commodity Futures Trading Commission (CFTC) announced a whistleblower award of $6 million. The whistleblower provided “original information that led the CFTC to bring a successful enforcement action.” The information that the whistleblower offered was “specific, credible, and timely.”

This news comes on the heels of numerous whistleblower awards issued by the CFTC in recent months, including a $2 million award split between four whistleblowers announced in early May. The current total of whistleblower awards granted by the CFTC is over $110 million since it issued the first award in 2014.

CFTC Director of Enforcement James McDonald stated, “the Commission’s Whistleblower Program has significantly strengthened our enforcement program” and “the contribution that whistleblowers have made cannot be overstated.” Since the inception of the CFTC’s Whistleblower Program, whistleblower disclosures have led the CFTC to obtain nearly $900 million in monetary relief. Christopher Ehrman, the Whistleblower Office Director, affirmed that the size of these recent whistleblower awards should serve as an example and “signal to potential whistleblowers that there are real financial incentives to promptly reporting violations to the CFTC.”

Support Whistleblower Network News

Stephen M. Kohn, whistleblower attorney at qui tam law firm Kohn, Kohn and Colapinto, praised the decision and the role of the whistleblower in exposing corruption and wrongdoing. He also sees this victory as a testament to whistleblower laws and states by “using US whistleblower reward laws, those with information of crimes have the tools to report fraud anonymously and earn huge awards.”

The CFTC whistleblower program, established in 2010 under the Dodd-Frank Act, pays whistleblower awards to eligible individuals who voluntarily provide the CFTC with original information on violations of the Commodity Exchange Act. This program implements the law’s requirement that the CFTC pay whistleblowers whose original information results in a sanction of $1 million or more a monetary reward of between 10% and 30% of all fines and penalties collected.

Read: CFTC Whistleblower Office Press Release

Previous Post

FCA Whistleblower Awarded $2.3 Million for Revealing Scheme to Defraud FEMA of Hurricane Katrina Relief Funds

Next Post

The Wirecard Scandal and the Beauty of Anonymous Whistleblowing

Ana Popovich

Ana Popovich

Ana Popovich is a contributing editor with Whistleblower Network News, where she writes about breaking whistleblower news, healthcare fraud whistleblowers, and Covid-19 fraud whistleblowers. Ana has a B.A. in English from Georgetown University. While at Georgetown, she was the marketing chair of an affinity group and wrote content for the McDonough School of Business’ Business for Impact program. In 2018, Popovich was a public interest legal intern at the whistleblower law firm Kohn, Kohn and Colapinto. 

Next Post
The Wirecard Scandal and the Beauty of Anonymous Whistleblowing

The Wirecard Scandal and the Beauty of Anonymous Whistleblowing

Please login to join discussion

Receive Daily Alerts

Subscribe to receive daily breaking news and legislative developments sent to your inbox.

  • This field is for validation purposes and should be left unchanged.

Most Popular

Change the Culture, Make National Whistleblower Day Permanent

Tell President Biden to “Finish the Job” for Whistleblowers

Whistleblower Advocates See Parallels to Enron in Silicon Valley Bank Collapse

Whistleblower Jóhannes Stefánsson Plans to Testify at Fishrot Trial in Namibia

WNN Exclusive Interview with Social Security Whistleblowers Sarah Carver and Jennifer Griffith — Part 1

Whistleblower Raised Concerns of Rodents, Spiders in Kitchen of Childcare Facility, Then Fired; OSHA Rules They Were Retaliated Against

Whistleblower Poll

Whistleblower Poll
Whistleblower Poll

Exclusive Marist Poll: Overwhelming Public Support Among Likely Voters For Increased Whistleblower Protections

byGeoff Schweller
October 6, 2020

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

STAY INFORMED.
Subscribe to receive breaking whistleblower updates.

  • This field is for validation purposes and should be left unchanged.

About Us

  • About
  • Contact Us
  • Donate
  • Careers

Subscribe

  • Daily Mail
  • Follow us on Twitter
  • YouTube Channel

Contribute

  • Letter to the Editor
  • Submission Guidelines
  • Reprint Guidelines

Your Experience

  • Accessibility Statement
  • Privacy Policy
  • Terms of Use

Help

  • The Whistleblowers Handbook
  • Frequently Asked Questions
  • Advertise
Whistleblower Network News

Whistleblower Network News is an independent online newspaper providing our readers with up-to-date information on whistleblowing. Our goal is to be the best source of information on important qui tam, anti-corruption, compliance, and whistleblower law developments. 

Submit an Article

Copyright © 2021, Whistleblower Network News. All Rights Reserved.

This Newspaper/Web Site is made available by the publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this website, you understand that there is no attorney-client relationship between you and the Newspaper/Web Site publisher. The Newspaper/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

SIGN THE PETITION FOR NATIONAL WHISTLEBLOWER DAY IN 2023
No Result
View All Result
  • Exclusives
  • Government
    • False Claims-Qui Tam
    • Federal Employees
    • Intelligence
  • Corporate
    • CFTC & Commodities
    • Dodd-Frank
    • IRS & Tax
    • SEC & Securities
  • Features
  • Legislation
  • International
    • Foreign Corruption
  • Rewards
  • Whistleblower of the Week
  • Environment & Climate
  • Opinion
  • Editorial
  • Employment
    • Sarbanes-Oxley Whistleblowers
    • Retaliation
    • OSHA
  • Media
    • Podcasts
    • Videos
    • Webinars
    • National Whistleblower Day
  • Whistleblower Poll
  • Whistleblower Resources
    • Frequently Asked Questions
    • Resources for Locating An Attorney
    • The New Whistleblowers Handbook
  • National Whistleblower Day ’23

Copyright © 2020, Whistleblower Network News. All Rights Reserved.

Become a Whistleblower Network News Subscriber

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Subscribe to WNN

Retrieve your password

Please enter your username or email address to reset your password.

Subscribe to WNN

Add New Playlist

Go to mobile version