The FBR Award Journal

Exclusive content on bribery, corruption, whistleblowers and corporate accountability.

How to Claim Whistleblower Rewards For Reporting Crypto Fraud

Article by John Peterson, Managing Attorney, FBR. 

SEC Crypto Whistleblower Rewards

The SEC operates a whistleblower reward program for people reporting fraud or crime involving “securities.”  The SEC believes that some contracts to buy cryptocurrencies are “securities.”   If you know about a person or company fraudulently selling cryptocurrencies (through an ICO for example) you may be eligible for an SEC whistleblower award for reporting it.  The average SEC whistleblower award is over $4 million dollars, but they are paid to the first person who reports the violation, so its important you act quickly.  If you think you have information relating to fraudulent crypto currency sales speak confidentially to one of our whistleblower attorneys now who can advise you how to anonymously report to the SEC. 

CFTC Crypto Whistleblower Rewards

The CFTC operates a whistleblower reward program for people reporting fraud or crime relating to “commodities.”  The CFTC considers many cryptocurrencies, including Bitcoin, to be commodities.  If you know someone who was fraudulently trading or selling cryptocurrencies or crypto derivatives (futures) you may be eligible for a CFTC whistleblower award.   The average CFTC whistleblower award is less than $1 million dollars, but they are paid to the first person who reports the violation, so its important to act quickly.  If you think you have information relating to fraudulent crypto currency sales speak confidentially to one of our whistleblower attorneys now who can advise you how to anonymously report to the CFTC.  

IRS Crypto Whistleblower Rewards

The IRS operates a whistleblower reward program where people reporting tax evasion involving crypto currency can receive up to 30% of any fines recovered by the IRS.  Many people evade tax using cryptocurrencies by not declaring their profits from trading cryptocurrency, or using cryptocurrency to hide assets.  In either circumstances, this can be a violation of U.S. tax law and by reporting it you could be entitled to a multi-million dollar award from the IRS.  As with the other whistleblower programs, IRS whistleblower awards are paid to the first person who reports the violation, so if you have information relating to tax evasion involving cryptocurrency speak confidentially to one of our whistleblower attorneys now who can advise you on how to report it.

John Peterson

New York attorney John Peterson has a decades’ worth of expertise covering the FCPA, whistleblower and securities laws, and regularly contributes to major media outlets such as Reuters, MSN, and Bloomberg. John leads the FBR team, and uses his experience from nearly a decade of working on corporate crime and corruption cases, to represent clients in multi-national investigations involving the SEC, DoJ, FBI, and more. As one of the only whistleblower attorneys focusing specifically in FCPA reporting, John has a long history of helping clients report millions of dollars in corrupt payments. Email FBR for a free, anonymous consultation with John.

How To Report FCPA Violations

Reporting FCPA violations to the wrong people or in the wrong way can have severe consequences for a whistleblower.  If you are considering becoming an FCPA whistleblower, follow our guide on how to report FCPA violations

What Is The FCPA?

Have you head of the US Foreign Corrupt Practices Act at work?  In this guide we explain what is the FCPA and how you could claim a whistleblower award for reporting FCPA violations

How To Become A Crypto Whistleblower

Regulators are regulating fraud, crime and scams involving cryptocurrency.  If you have information on any of these topics, you could get a whistleblower reward for becoming a crypto whistleblower

drnayyar@fbr.org.uk

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