Commodities Fraud

Commodities Fraud Whistleblower Rewards Program

The CFTC whistleblower rewards program provides monetary incentives to individuals who submit information which leads to successful enforcement action.

Kohn, Kohn and Colapinto’s whistleblower attorneys have experience representing whistleblowers in cases involving complex financial and commodities fraud in the commodities markets. Kohn, Kohn & Colapinto currently represents CFTC whistleblowers under the confidential and “anonymous” whistleblower protection provisions of the Commodity Exchange Act and work closely with enforcement officials.

The CFTC whistleblower reward 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 that leads to a successful enforcement action resulting in monetary sanctions exceeding $1,000,000.  Rewards under the program are mandatory for qualified whistleblowers and must be paid in the range of 10-30% of the collected proceeds. Employers cannot retaliate against whistleblowers or encumber potential whistleblowers from communicating with the CFTC. 

The CFTC saw a 63% increase in the number of tips and complaints filed under the Dodd-Frank whistleblower program from those received in 2017. The increase is due to increased awareness of about the program.  Whistleblowers have long been on the front lines of conducting effective financial regulation, as financial scandals ranging from Enron to tax fraud in Swiss banks have been uncovered because of whistleblowers. Paying whistleblower rewards is well established as one of the most effective ways to ensure that financial scandals come to light and to protect consumers and taxpayers from fraud and illegal conduct.

If you would like to learn more about how to report fraud in commodities markets or violations of commodities laws under the CFTC whistleblower program, please contact Kohn, Kohn & Colapinto whistleblower law firm.

Visit our FAQ pages:

How to qualify for Whistleblower rewards under the Commodity Exchange Act

How does a whistleblower file an anonymous reward claim with the CFTC?

Whistleblower Attorneys

Stephen M. Kohn – Founding Partner

Michael D. Kohn – Founding Partner

David K. Colapinto – Founding Partner

Mary Jane Wilmoth – Managing Partner

Todd Yoder – Associate Attorney

Kelsey Condon – Associate Attorney

Maraya Best – Associate Attorney

Siri Nelson – Legal Fellow

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