The CFTC routinely brings actions against those persons and entities that deceptively market and deceive investors into investing money in Ponzi schemes, pyramid schemes and other similar fraudulent scams, and whistleblowers are critical in catching this kind of fraud.
Such actors typically solicit investors in a fraudulent manner, misappropriate the invested funds, falsify investment statements and either remain unregistered or fraudulently register with the CFTC. This type of fraud is devastating to the investors who often lose all or much of their net worth as a result.
Whistleblowers (whether themselves victims of this fraud or witnesses) with information on persons who have engaged in marketing and deceiving investors with these schemes, are encouraged to report to the CFTC Whistleblower Office. If one reports such fraud with the help of a qualified CFTC whistleblower attorney, the whistleblower may remain anonymous.
Hagens Berman represents several whistleblower actions under the CFTC and SEC Whistleblower Programs, including representation of high-profile market expert Haim Bodek, and marshals its significant nationwide resources and expertise in financial fraud to best present whistleblower matters to the SEC and CFTC.