CFTC Issues $6 Million Whistleblower Award. Exposing Misconduct.


CFTC Issues $6 Million Whistleblower Award

June 19, 2020

On June 9, 2020, the U.S. Commodity Futures Trading Commission (CFTC) announced a $6 million whistleblower award to an individual under its Dodd-Frank whistleblower program.  The individual was rewarded for voluntarily providing specific, credible, and timely information that led the CFTC to bring a successful enforcement action. The Director of the Whistleblower Office, Christopher Ehrman, said in […]

Whistleblower Awarded $700,000 for Prompting SEC Investigation

June 19, 2020

The Securities and Exchange Commission (SEC) awarded almost $700,000 to a whistleblower whose vital information helped the agency bring a successful enforcement action that resulted in the return of money to harmed investors. According to the SEC, The whistleblower reported the problem internally before contacting the SEC to remedy the conduct. The whistleblower continued to assist […]

SEC Awards Record Payout of Nearly $50 Million to Whistleblower

June 17, 2020

On June 4, the Securities and Exchange Commission (“SEC”) announced a nearly $50 million whistleblower award to an individual who provided detailed, firsthand observations of misconduct by a company, which resulted in a successful enforcement action that returned a significant amount of money to harmed investors. The SEC reported that this was the largest amount ever awarded to […]

CFTC awards more than $6M to whistleblower

June 9, 2020

The Commodity Futures Trading Commission on Tuesday announced a whistleblower award of more than $6 million to a tipster who voluntarily provided original information that led the CFTC to bring a successful enforcement action. The CFTC, which provides confidentiality protections for all whistleblowers, said it opened its investigation upon receiving the whistleblower’s information, “which was […]

SEC doles out record $50 million to whistleblower, pushing program total above $500 million

June 4, 2020

The Securities and Exchange Commission revealed Thursday it issued a record $50 million whistleblower payout to an individual who “provided detailed, firsthand observations of misconduct by a company.” The whistleblower’s tip resulted in enforcement being taken against a related company and returned a significant amount of cash to harmed investors, according to the agency’s Thursday release. […]

SEC Whistleblower Awards Skyrocket in 2020

June 3, 2020

The U.S. Securities and Exchange Commission (“SEC”) announced in early May that it had awarded $2 million to a whistleblower who provided specific, timely, and credible information regarding a fraudulent scheme related to an ongoing investigation, but about which the SEC was not aware. The award marked the continuation of what has been the most active stretch […]

More than 14,000 Federal Workers Filed Whistleblower Cases from 2014-2018

May 28, 2020

Probationary employees—generally those with less than 1 or 2 years of federal service—can be especially vulnerable to reprisal because they have fewer protections from adverse personnel actions, including termination, the Government Accountability Office (GAO) found. GAO found that existing data are not sufficient to determine if the rates of filing whistleblower disclosures, retaliation complaints, or both […]

USF To Pay $2.5M Over Alleged False Claims For Student Grants Following Whistleblower Complaint

May 22, 2020

SAN FRANCISCO (CBS SF) — The University of San Francisco has agreed to to pay $2.56 million over fraudulent claims for federal AmeriCorps grant funds for students working towards teaching degrees, according to federal authorities. The US Attorney’s Office for California’s Eastern District said Friday that USF obtained AmeriCorps funding for it San Francisco Teacher […]

Novo Nordisk Whistleblower Set for $8.4 Million Settlement Share

May 19, 2020

A false claims whistleblower is entitled to an 18% share of a $46.5 million False Claims Act settlement between Novo Nordisk Inc. and the government involving improper marketing of diabetes medication Victoza, a Washington federal court said. This amount, as opposed to the statutory minimum 15%, was appropriate because Elizabeth W. Kennedy’s disclosure of fraudulent conduct to […]

Biodiesel Fraud Suit Nets $70 Million for Whistleblower, Feds

May 1, 2020

e-Biofuels LLC and other defendants face a $70 million liability for violating the False Claims Act by engaging in a scheme to defraud the EPA’s renewable fuel program, an Indiana federal court said. Alexander Chepurko’s whistleblowing efforts allowed the government to criminally prosecute some defendants in this case for their roles in a multi-state scheme […]

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