Department of Justice prosecutors charged a sixth JPMorgan executive for cheating in the Precious Metals markets...

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Cracks Spread in the Bullion Banks’ Price Management System



Jeffrey Ruffo stands accused of racketeering and spoofing metals prices from 2008 - 2016, along with other crimes including conspiracy to commit wire fraud.

The indictment outlines nearly a decade spent coordinating with other traders in JPMorgan’s precious metals department to rig prices. The activity includes thousands of fraudulent trades placed for two purposes.


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