The U.S. Department of Justice Investigation of Criminal Activity in the Precious Metals Markets has Taken an Interesting New Turn
JPMorgan Chase Confirmed as Target of Metals Price Rigging Prosecution #preciousmetals https://t.co/j9SKbBP1n2
— Money Metals Exchange LLC (@MoneyMetals) February 10, 2020
JPMorgan Chase Confirmed as Target of Metals Price Rigging Prosecution
According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If convicted, the bank as an institution could be held accountable for years of structured and pervasive cheating.
The DOJ investigation of JPMorgan’s metals trading desk began more than two years ago. It came on the heels of a guilty plea by Deutsche Bank.
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from Precious Metals News
The U.S. Department of Justice Investigation of Criminal Activity in the Precious Metals Markets has Taken an Interesting New Turn
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