JPMorgan precious metals traders charged with market manipulation in US
The three top executives are accused of running a complex racketeering scheme which manipulated the market’s supply-and-demand process
16 September 2019 - 18:21
Washington — Two current and one former JPMorgan Chase executives were charged over allegedly participating in market manipulation in the trade of precious metals including gold, silver, platinum and palladium between 2008 and 2016, the US department of justice said on Monday.
The three men — global precious metals desk head Michael Nowak, precious metals trader Gregg Smith, and former trader Christopher Jordan, who left JPMorgan in 2009 — were charged with a racketeering conspiracy and other federal crimes, it said in a statement...
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