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To: ransomnote

Former J.P. Morgan Precious Metals Traders Sentenced to Prison
justice.gov ^ | August 22, 2023 | DOJ Office of Public Affairs

Posted on 8/24/2023, 2:16:58 AM by ransomnote

excerpt:
Defendants Were J.P. Morgan’s Former Head of Global Precious Metals Business and J.P. Morgan’s Former Head Gold Trader in New York

Two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) were sentenced today for engaging in fraud, attempted price manipulation, and spoofing as part of a market manipulation scheme that spanned over eight years, involved tens of thousands of unlawful trading sequences, and resulted in over $10 million in losses to market participants.

Gregg Smith, 59, of Scarsdale, New York, was sentenced to two years in prison and a $50,000 fine. Michael Nowak, 49, of Montclair, New Jersey, was sentenced to one year and one day in prison and a $35,000 fine.

 


1,050 posted on 08/24/2023 12:19:54 AM PDT by ransomnote (IN GOD WE TRUST)
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To: ransomnote
TRUMP was the target.
1,051 posted on 08/24/2023 12:27:45 AM PDT by ransomnote (IN GOD WE TRUST)
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