CFTC: Federal Court Orders Oregon Owner Of Precious Metals Firm To Pay $1.3 Million To Victims Of Fraudulent Precious Metals Scheme Date
27/04/2021
The Commodity Futures Trading Commission today announced that the U.S. District Court for the Western District of Washington entered a consent order against Aaron Michael Scott of Portland, Oregon for fraud and misappropriation in connection with a precious metals scheme run by Scott and his now defunct company, BMC Worldwide, Inc. (d/b/a Blue Moon Coins). The order requires Scott to pay $1,381,461.86 in restitution to defrauded customers. Additionally, the order prohibits Scott from further violations of the Commodity Exchange Act and CFTC Regulations and permanently bans him from registering with the CFTC and trading in any commodity interests.
Friday, April 16, 2021
Today, the U.S. Securities and Exchange Commission (SEC) announced a joint whistleblower award of $50 million to claimants whose information of highly complex illegal transactions led to successful enforcement actions.
As a result of their reporting, the whistleblowers helped in the recovery of tens of millions of dollars that were returned to harmed investors.
According to the SEC award order, Claimants 1 and 2 provided the Commission staff with highly valuable information that led to the opening of an investigation into an ongoing fraud. The fraudulent scheme, the award order continued, would have been difficult to detect without the assistance of the whistleblowers.
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SEC s Whistleblower Chief To Depart After Record-Setting Run
Law360 (April 8, 2021, 6:43 PM EDT) Jane Norberg, the head of the U.S. Securities and Exchange Commission s Whistleblower Office who presided over dramatic yearslong upticks in the number and dollar size of awards issued to whistleblowers, will leave the agency this month, according to an announcement Thursday.
The head of the U.S. Securities and Exchange Commission s Whistleblower Office, who became chief of the office in 2016, is set to leave the agency this month. (AP Photo/Andrew Harnik) Norberg, who became chief of the office in 2016, led efforts to streamline the awards review process, culminating in consecutive record-breaking fiscal years in 2020 and 2021, the agency s announcement.
Jane Norberg, Chief Of The SEC s Office Of The Whistleblower, To Leave Agency Date
08/04/2021
The Securities and Exchange Commission today announced that Jane Norberg, Chief of the SEC s Office of the Whistleblower, is planning to leave the agency this month.
Ms. Norberg has been with the Office since near its inception in 2012, serving as its first Deputy Chief and, since 2016, its Chief. During her time as Chief, Ms. Norberg streamlined the awards review and adjudication process, managed an expansion of the Office s staff, and oversaw a dramatic growth in the number of awards issued to whistleblowers under the program, in part by leveraging the work of staff across the to complement that of the Office s dedicated staff. Ms. Norberg also played an active role in Division-wide efforts related to diversity and inclusion.