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JP Morgan Silver Web Unweaving
On the heels of the US Department of Justice‘s commodity fraud and conspiracy guilty plea by a former 13-year JP Morgan silver and other precious metal derivative trader ( now a self-admitted spoofer ). The sordid court document details are below. US Department of Justice’s detailed allegations against a 13 yr Ex-JP Morgan silver, gold, platinum, and palladium trader ➤https://www.justice.gov/opa/press-release/file/1108346/download Facing 30 yrs of potential locked cage imprisonment, here is the signed guilt plea in full detail ➤https://www.justice.gov/opa/press-release/file/1108351/download As to be expected in this over-financialized market. Its cheerleaders would come around to pose for pictures, and indeed CNBC is here. Many years too late, but said cracker-jacks are now doing stringent financial journalism after facts have become all too obvious to deny. Below we will highlight a few details from the second CNBC report on this beginning validation of JP Morgan silver trader(s) price manipulations. We’ve decided to highlight a few choice sections from their reporting below. Then we will proceed to point out some glaring details they have somehow always missed to follow up on. Interviewing a former lawyer, who only a few years back accused large precious metal JP Morgan traders of similar crimes (that lawsuit still in NY civil court, still pending)…
This is not some story about one rogue trader at JP Morgan spoofing his Christmas bonus fatter, please. Dude probably rationalized away or simply ignored the real world sufferings such manipulative actions encourage or result in. No, no, no. This guy’s guilty plea and the allegations contained go much further in detail. We’re talking deep, systematic overtones that paint a potential culture of senior-level criminality.
Please, do go on CNBC. This is actually, some pretty good damn reporting. Go CNBC, go!
Oh, but here come some of the best golden nuggets we found in their article from today. Have a look…
I honestly wasted about 10 minutes time this morning trying to dig up this Robert Gottlieb’s face. Guy obviously doesn’t like cameras or public profiles. My imagination is left to conjure his face (it’s hideous). His linkedin profile is of course gone, now that the heat’s on – https://www.linkedin.com/in/robert-gottlieb-a7712316 If you didn’t break the law Bobby, good luck in your civil lawsuit and with avoiding prison time. Then again, if you did break laws. My sincerest sarcasm, with additional spoofing and front running to boot.
Now we are left to wonder if such silver trade spoofing continues to occur in the silver derivatives market to date. Oh, well looky there.. perhaps it still does.. Ladies and gentlemen, these acting US attorneys have their work cut out for them. Possibly not just today, but also going back decades+ for justice. Even our dumbed down History Channel told us so. Below was also then CFTC Bart Chilton‘s best role to date. Painfully, many of our fiat net worth$ remind us of these now facts. What possible further allegations might come? More broadly speaking than painful gains or losse$ over this time. At real stake, is trust. It takes decades to build, and not all that much time to lose. Then again, it has also apparently taken decades to suppress precious metal prices. So there is all that too. At the 15:41 gold and at 21:34 silver cumulative trading prices ongoing EAST PRICE vs SPOT PRICE vs WEST PRICE As a culture at large, and certainly within financial markets. If we lose trust, we will be screwed long term. Authorities must breach this corrosion of credibility. It’s a national security concern one could argue. Perhaps more so than even depressing commodity prices through government policy may be (e.g. for geo strategic reasons possibly). Yet even the supposed mega banks in question (the most risk laden, page 3)… they continue to self-deem themselves somehow crucial to our economic survival. Total bull’s hit, by the way. They can always be ring fenced and divided up into smaller more local banks. Of course if we as a nation ever decide to do so, with good reason(s). Regardless their unlawful ex-actors, who obviously have, and very well still may be breaking the laws of the land. May their supposed and alleged impunity be riddled dead wrong. In so seeking justice, perhaps even the heavens do fall. But by all legal means, may serving true justice be done. ***
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