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JPMorganChase confirmed as target of metals price-rigging prosecution
By Clint Siegner
Money Metals News Service, Eagle, Idaho
Monday, February 10, 2020
The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn.
According to Bloomberg, prosecutors are targeting the JPMorganChase & Co. 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. ...
... For the remainder of the report:
https://www.moneymetals.com/news/2020/02/10/jpmorgan-target-of-metals-pr...
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