CFTC Hands Out a Record $30 Million Award to Alleged JPMorgan Tipster

[kreslik.news]

The U.S. Commodities Futures Trading Commission, or CFTC, today awarded an anonymous whistleblower who had come forward with information leading to an enforcement action with a record bounty. The tipster is getting $30 million, which beats the CFTC’s previous high-water mark for an award made to a single whistleblower which was set by a $10 million payoff in March 2016.

This is also the fifth award that the CFTC has made to a whistleblower since it began making awards four years ago.

Committed to protecting the anonymity of informants, few details are available regarding the nature of the underlying facts ... (read more)