Today, the Commodity Futures Trading Commission (CFTC) announced whistleblower awards totaling more than $1 million granted for whistleblowers who assisted in a successful enforcement action.
According to the CFTC press release, the first whistleblower led the CFTC to open the investigation. The second whistleblower provided the Commission staff with first-hand information about the underlying scheme.
“On the tenth anniversary of the signing of the Dodd-Frank Act, the CFTC continues to show why whistleblowers should be rewarded for their courageous efforts,” said whistleblower attorney Stephen M. Kohn, partner at the qui tam law firm Kohn, Kohn & Colapinto. “The $110 million awarded to whistleblowers by the CFTC since 2014 and the $900 million recovered for U.S. taxpayers shows that when given the proper tools, whistleblowers can be the number one line of defense for combating fraud.”Read more here.