You are here
Sentencing of former JPM metals trader delayed again
Sentencing of former JP Morgan Chase Precious Metals Trader Delayed as Federal Probe Continues
By Dawn Giel
CNBC, New York
Thursday, May 2, 2019
The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets.
Edmonds, 37, pleaded guilty in October in Connecticut federal court to working with other "unnamed co-conspirators" to manipulate the prices of gold, silver, platinum, and palladium futures contracts between 2009 and 2015 while employed at J.P. Morgan.
... Dispatch continues below ...
Buy metals at GoldMoney and enjoy international storage
GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:
http://www.goldmoney.com/?gmrefcode=gata
The New York City man admitted learning illegal trading tactics from senior traders -- and to using those tactics with the knowledge and consent of supervisors.
His sentencing has been postponed twice, suggesting he is continuing to cooperate with prosecutors in their investigation. No one else has been charged. ...
... For the remainder of the report:
https://www.cnbc.com/2019/05/02/sentencing-of-ex-jp-morgan-chase-metals-...
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
