How the US toppled the world's most powerful gold trader
The story behind the conviction on 13 counts of the man who was once the most powerful figure in the gold market, Michael Nowak.
Source: mining.com
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Former J.P. Morgan Traders Convicted of Fraud, Attempted Price Manipulation, and Spoofing in a Multi-Year Market Manipulation Scheme
A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co.
Source: pressreleasepoint.com
Two Ex-JPMorgan Metals Traders Convicted of 'Spoofing' Gold Prices
A Chicago jury found Michael Nowak and Gregg Smith guilty of "spoofing" - quickly placing and withdrawing buy and sell orders to manipulate gold prices.
Source: businessinsider.com
JP Morgan gold traders found guilty in US spoofing trial
Both traders face jail time for manipulating the price of gold for years, in the biggest case yet by the US Justice Department.
Source: afr.com
Jury convicts two former JPMorgan traders of widespread market manipulation
A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.
Source: finextra.com