U.S. Commodity Futures Trading Commission Announces $45 Million In Whistleblower Awards
$45 million. That’s how much the Commodity Futures Trading Commission (CFTC)’s whistleblower program has given in awards to everyday individuals who came forward with crucial information, helping just this one branch of the U.S. government stop criminals from profiting from their illicit activity.
CFTC Announces Multiple Whistleblower Awards Totaling More Than $45 Million
The Commodity Futures Trading Commission (CFTC) today announced multiple whistleblower awards totaling more than $45 million. The awards demonstrate the growing success of the CFTC’s Whistleblower Program, in particular the increasing volume and complexity of incoming whistleblower submissions.
Recent CFTC Whistleblower Awards Signal Flexibility in Determining Award Percentage
Within one week, the CFTC issued two awards to whistleblowers, one in the amount of $30M and another in the amount of $70,000. Although the orders are fairly sparse, they provide some important clues as to how the CFTC determines the amount of a CFTC whistleblower award (the percentage of the monetary sanctions collected in the covered judicial or administrative action that the CFTC awards the whistleblower).
CFTC Gives 1st Overseas Whistleblower Award
The U.S. Commodity Futures Exchange Commission has awarded a whistleblower bounty to a foreign resident for the first time, the agency announced on Monday, days after handing out its largest award to date.