Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, September 16, 2019 Current and Former Precious Metals Traders Charged with Multi-Year Market Manipulation Racketeering Conspiracy Two current precious metals traders and one former trader in the New York offices of a U.S. bank (Bank A) were charged in an indictment unsealed today for their alleged participation in a racketeering conspiracy and other federal crimes in connection with the manipulation of the markets for precious metals futures contracts, which spanned over eight years and involved thousands of unlawful trading sequences.Charged in the indictment are: Gregg Smith, 55, of...