JP Morgan precious metals RICO charge case finally begins
#JPMorgan #preciousmetals RICO charge case finally begins
Years after JP Morgan paid a $920 million fine for manipulating the #gold, #silver, and treasury futures markets, the trial for several of their traders who are facing RICO charges has finally begun.
While the government is asserting that Michael Nowak, Gregg Smith, and Jeffrey Ruffo spoofed the markets on thousands of occasions in order to illegally profit, the defendants’ attorneys are suggesting that was not the case, and that the government can’t really know what was inside the traders’ minds when the orders were placed.
What’s interesting though are some of the other witnesses who will be testifying, such as John Edmonds, who have already acknowledged guilt, and said that this was common practice at the firm, and taught to them by senior traders.
Hopefully as the case goes on there will be more information that comes out, as well as potential chat transcripts, that could shed light on some of the specific occasions where the price was distorted.
But to find out what’s happened so far, as well as the other gold and silver news today, click to watch the video now!
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To read the latest news about Blackrock Silver finding lithium deposits at its Tonopah North project go to:
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1967-tsx-venture/brc/124575-blackrock-hits-significant-lithium-zone-at-tonopah-north.html
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To get your paperback or audio copy of The Big Silver Short go to:
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To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here:
https://arcadiaeconomics.com/cftc-complaint/
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To sign the petition to ban JP Morgan from having any involvement in the silver industry click here:
https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver
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#silver
#silverprice
And remember to get outside and have some fun every once in a while!:)
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