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<p>[QUOTE="Clawcoins, post: 4941692, member: 77814"]JP Morgan was caught apparently "spoofing" the PM markets</p><p><br /></p><p><b><font size="4">JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets</font></b></p><p>of</p><p> tens of thousands of episodes of unlawful trading in the markets for precious metals (purchase and sale of gold, silver, platinum, and palladium futures contracts) futures contracts ... “For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. ==></p><p><a href="https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us" rel="nofollow">https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 4941692, member: 77814"]JP Morgan was caught apparently "spoofing" the PM markets [B][SIZE=4]JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets[/SIZE][/B] of tens of thousands of episodes of unlawful trading in the markets for precious metals (purchase and sale of gold, silver, platinum, and palladium futures contracts) futures contracts ... “For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. ==> [URL]https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us[/URL][/QUOTE]
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