Category: Whistleblower

CFTC whistleblower pipeF
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August 9, 2024

FTC Awards Over $1 Million to Whistleblower in Digital Asset Investigation!

In its effort to supervise the digital asset market, the U.S. Commodity Futures Trading Commission (CFTC) has announced a significant milestone by awarding over $1 million to a whistleblower whose information proved pivotal in an enforcement action. This award underscores the growing importance of whistleblowers in uncovering illicit activities within the rapidly expanding digital asset space.
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CFTC whistleblower pipeS
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July 27, 2024

SEC Awards Whistleblower Over $37 Million for Uncovering Employer Misconduct!

The U.S. Securities and Exchange Commission (SEC) has announced a significant award of more than $37 million to a whistleblower whose efforts were instrumental in a successful enforcement action. The whistleblower initially reported the misconduct internally, prompting their employer to launch an investigation and eventually self-report the findings to the SEC. This self-reporting led the SEC to open its own investigation.
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CFTC issues fine for whistleblower- fighting NDAsW
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July 27, 2024

Whistleblower Power: The CFTC $55 Million Fine in an Embattled Whistleblower Enforcement Action!

In an embattled decision, the U.S. Commodity Futures Trading Commission (CFTC) has imposed a $55 million fine on Trafigura Trading LLC, a Houston-based subsidiary of the global commodities trader Trafigura PTE, Ltd. This marks the CFTC's first-ever enforcement action under its whistleblower protection rule, implemented seven years ago. The settlement, announced on June 17, 2024, addresses multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations by Trafigura Trading LLC.
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SEC Whistleblower ProgramS
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July 18, 2024

SEC Awards Over $37 Million to Whistleblower for Key Information in Enforcement Action

The U.S. Securities and Exchange Commission (SEC) has announced a substantial award of over $37 million to a whistleblower whose information significantly contributed to a successful enforcement action. The whistleblower's insights were previously unknown to the SEC and played a crucial role in uncovering the case. The whistleblower collaborated with the SEC's Enforcement staff, identifying potential witnesses and documents, which helped conserve agency resources.
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IRS Whistleblower program 2023R
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June 28, 2024

Remarkable: Significant Increase in U.S. IRS Whistleblower Awards in Fiscal Year 2023

Whistleblowers continue to play a dominant role in exposing financial wrongdoings. The U.S. IRS Whistleblower Program witnessed remarkable developments in fiscal year (FY) 2023, marked by a substantial increase in the total dollar amount of awards paid to whistleblowers despite a slight decrease in the number of awards issued. The IRS points out the program's effectiveness in leveraging whistleblower-provided information to enhance tax compliance and enforcement.
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PayRate42 flagged high-risk payment processor OMNOP
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June 19, 2024

PayRate42 Flags Georgian Payment Processor OMNO for Critical Review!

In a recent development, PayRate42, a prominent cyberfinance rating agency, announced that it has critically reviewed the Georgian payment processor OMNO and included it in its Red Compliance and Red Risk lists. Despite its diverse range of payment solutions, this review underscores significant concerns about OMNO's transparency and regulatory compliance. FinTelegram’s recent analysis identified OMNO as part of a network of high-risk payment domains.
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OFAC joins the FinCEN wistleblower programO
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April 28, 2024

OFAC to Leverage FinCEN Whistleblower Incentive Program for Sanctions Violations Enforcement

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has signaled a significant shift in its enforcement strategy by referencing the Financial Crimes Enforcement Network's (FinCEN) whistleblower program in two recent enforcement actions. This move indicates a growing reliance on whistleblowers to unearth potential sanctions violations, highlighting the escalating stakes for companies under U.S. economic sanctions regulations.
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CFTC fraud complaint against the GreyMountain Management binary options fraud schemeA
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March 30, 2024

Attention: CFTC Opens Door for Whistleblower Claims in $204 Million GreyMountain Management Binary Options Fraud Scheme!

The U.S. Commodity Futures Trading Commission (CFTC) has announced a significant development in its crackdown on fraudulent binary options operations, highlighting the case against the vast binary options fraud scheme GreyMountain Management (GMM), and its three Israeli owners. This case is part of a broader action against a sophisticated binary options fraud scheme linked to the Canadian-Israeli Cartu Brothers—David, Joshua, and Jonathan Cartu.
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CFTC whistleblower pipeW
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March 15, 2024

Whistleblowers: CFTC Awards Insider Whistleblower Approximately $1.25 Million!

In an era where financial wrongdoing seems increasingly complex and widespread, the role of whistleblowers has never been more crucial. A recent decision by the U.S. Commodity Futures Trading Commission (CFTC) underscores this point dramatically, highlighting these courageous individuals' indispensable role in uncovering and combating illicit activities within the financial markets. The CFTC announced an approximately $1.25 million award to a whistleblower who reported misconduct.
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Whistle42 forum to discuss payment processors in the online casino industryF
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February 6, 2024

FinTelegram And Whistle42 Launch Investigative Campaign on Online Casino Payment Processors

Together with the whistleblower platform Whistle42, FinTelegram is embarking on a groundbreaking focus campaign aimed at shining a spotlight on the payment processors within the online casino and gambling industry. This initiative seeks to peel back the layers of the sector, examining the licensing credentials of online casinos and gambling platforms, as well as scrutinizing the payment methods they employ and the payment processors facilitating these transactions.
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SEC Whistleblower ProgramS
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December 22, 2023

SEC Awards Over $28 Million to Seven Whistleblowers for Crucial Information!

The U.S. Securities and Exchange Commission (SEC) has announced awarding more than $28 million to seven individuals. These whistleblowers played a pivotal role in a successful SEC enforcement action by providing critical information and assistance. The group of seven whistleblowers comprised one individual claimant and two sets of joint claimants. Their contributions were significant in advancing the SEC's investigation.
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Whistleblower ProgramT
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May 3, 2023

The U.S. Supreme Court Examine Whistleblower Case!

The US Supreme Court will use an appeal by a fired UBS Group research strategist to decide how hard it will be under federal investor-protection law for whistleblowers to win suits claiming retaliation. The justices agreed on Monday to hear arguments from Trevor Murray, who is seeking to reinstate a $900,000 jury verdict he won on allegations that he was fired for refusing to skew his reports to help the company’s business strategies.
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