CFTC grants two whistleblower awards over $15 Million


The Commodity Futures Trading Commission today announced whistleblower awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement actions. Because the whistleblowers immediately provided reliable information, the CFTC opened the respective investigations shortly after each whistleblower submitted a...
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Russian living in Hong Kong arrested for buying large amounts of U.S. made dual-use military grade electronics for use by Russia

Maxim Marchenko, 51, a Russian citizen who has resided in Hong Kong, was charged today in connection with conspiring to defraud the United States and with smuggling, wire fraud, and money laundering offenses based on his alleged participation in a scheme to unlawfully procure U.S.-sourced, dual-use microelectronics with military applications on behalf...
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GAO report estimates the amount of fraud during the pandemic cost U.S. between $100 Billion and $135 Billion

The United States General Accounting Office estimates that the amount of fraud in unemployment insurance programs during the COVID-19 pandemic is likely between $100-$135 Billion. GAO says that the full amount of the fraud during the pandemic will likely never be known. Unemployment insurance overpayment happens when individuals receive benefits to which...
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