#DOJ says he learned the practice from "more senior traders at the bank" and used the strategy "hundreds of times with the knowledge and consent of his immediate supervisors", according to the court filing. The charges against Mr Edmonds stated that he conspired with other employees at the New York bank where he worked to manipulate gold, silver, platinum and palladium futures contracts traded on exchanges owned by CME Group.
Incredibly, "JPMorgan, which has long been one of the world's largest bullion traders, is not named in the court documents.
The justice department said the case stemmed from an ongoing investigation by the FBI's New York field office. The criminal information document was filed on October 9 but kept under seal until this week.
Read the whole article here: https://www.ft.com/content/79658b20-e1e0-11e8-a6e5-792428919cee
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