How to Claim Whistleblower Rewards For Reporting Crypto Fraud

Article by John Joy, Managing Attorney, FTI Law.  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 […]

WhatsApp, Bribery and Kim Kardashian – SEC Fines This Month

At the end of every month, the SEC publishes a Notice of Covered Action (NOCA) for enforcement actions where penalties exceeded one million dollars. In November, the SEC published 15 NOCAs  for a combined total of over $1.4 billion in fines. The headline cases were:  Summaries of November’s NOCAs are below, and remember, once a NOCA is […]

6 Things To Do If You Encounter Crypto fraud

Article by John Joy, Managing Attorney, FTI Law. Crypto scams are becoming increasingly hard to spot. With scammers using glossy websites and spoofed endorsements, even sharp investors can get caught out when trying to invest.  Even if you haven’t been a victim, but you know about crime or fraud involving crypto, you should still report […]

The Race to Regulate Crypto: SEC v. CFTC

Article by John Joy, Managing Attorney, FTI Law.  Last year a digital currency based on the Netflix series ‘Squid Game’ soared in popularity among retail investors. The website promoting the coin was littered with grammatical errors and, while the site was only three weeks old, its promoters managed to raise $3 million from investors before […]