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DOJ Accuses JPMorgan’s Precious Metals Trading Desk Of Being A Criminal Enterprise

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Who would have thought that JPMorgan’s precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia’s don? Well, almost everyone who didn’t mind being designated a conspiracy theorist for years. And now comes vindication, because this has just been confirmed by the DOJ, which accused the PM trading desks at JPMorgan of being deeply involved in what prosecutors described as a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants.”… Complete article on ZeroHedge, edited 09/17/2019 DOJ Accuses JPMorgan’s Precious Metals Trading…

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