market manipulation

Two More Wall St Traders Sentenced In Precious Metals Price Manipulation

Both traders were convicted after a jury trial of manipulating market prices of precious metals up or down by placing large “spoof” orders in the COMEX and NYMEX they never intended to fill. The convictions prove that they intentionally manipulated prices for their own gain and increase profits for the banks.

JP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years

In 2020, JP Morgan Chase admitted that it scammed precious metals investors of billions of dollars by rigging the markets for more than ten years. To avoid prosecution, the company agreed to pay almost $1 billion in fines for schemes related to defrauding precious metals futures exchanges and US Treasuries. Rumors and speculation have circulated … Read moreJP Morgan Chase Paid $920 Billion Fine in Precious Metals Fraud Scheme Spanning 10 Years