JPMorgan Traders Charged with Rigging Precious Metals Markets!

From: http://www.gata.org/node/19452

JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says
By Tom Schoenberg and David Voreacos
September 16, 2019

https://www.bloomberg.com/news/articles/2019-09-16/precious-metals-traders-charged-with-rigging-futures-contracts

44 page Department of Justice indictment:

https://www.justice.gov/opa/press-release/file/1202466/download

http://www.gata.org/node/19450

https://www.bloomberg.com/news/articles/2019-09-16/jpmorgan-s-metals-desk-was-a-criminal-enterprise-u-s-says

https://www.bloomberg.com/news/articles/2019-09-16/u-s-is-pursuing-more-charges-at-jpmorgan-over-metals-trades

Back in 2010, I was the first one in the Precious Metals Markets to complain to the US Department of Justice about this price rigging in the silver and gold markets.

The bloomberg article headline is “JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says”

My complaint said: “The Clayton Act was likely violated when JPMorgan Chase & Co. acquired Bear Stearns, and inherited their short position in silver, giving JPMorgan Chase & Co. even more control over silver market prices, due to their even larger and more concentrated short position.”

My original complaint is archived at the Wayback machine, showing it was published at that time and was not created later and then back dated. https://web.archive.org/web/20140415174550/http://silverstockreport.com/2010/doj.html

I even wrote a follow up article, where I began writing about the story getting out about my complaint, and where I asked my readers to follow up with their own complaints.

https://web.archive.org/web/20140410225452/http://silverstockreport.com/2010/faith.html

Thank you to all of my readers who complained to the US Department of Justice.

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