Our attorneys have represented whistleblowers for decades, among them, one of the principal whistleblowers in the WorldCom accounting scandal; the whistleblower whose information led to the largest drug safety settlement to date with a generic drug manufacturer ($500 million paid by Ranbaxy); and several of the most significant crypto whistleblowers to date (all of whom remain anonymous).
For crypto to succeed, users must know that their funds are secure and the system is fair. Whistleblowers can help root out fraud and market manipulation to create a safe and competitive market.
Combatting fraud and market manipulation in crypto is one of the highest enforcement priorities at both the SEC and CFTC. Both federal agencies stand ready to reward whistleblowers for exposing pump and dump schemes, insider trading, Ponzi schemes, wash trading, spoofing, and lies to investors.Learn More
Crypto exchanges and many other crypto businesses must have anti-money laundering (AML) and know your customer (KYC) programs to prevent criminals from using their service to launder criminal proceeds or evade U.S. sanctions. The CFTC and FinCEN have aggressively enforced AML/KYC obligations in the crypto space, imposing eight- and nine-figure civil penalties.Learn More
In addition to pursuing taxpayers who don’t report their crypto earnings, the IRS is interested in big data on crypto users. They have issued “John Doe” summonses for user lists from several cryptocurrency exchanges and is interested in receiving similar lists lawfully obtained by whistleblowers.Learn More
A former federal prosecutor and White House attorney, Mr. Firestone is a trial lawyer with a wide-ranging litigation practice that includes investigations, white-collar defense, civil litigation, plaintiff matters, and whistleblower representation. Mr. Firestone founded www.cryptowhistleblower.com to help whistleblowers earn rewards by exposing fraud in the crypto space.