Justice Dept.: Former J.P. Morgan Precious Metals Traders Sentenced to Prison
August 23, 2023
August 23, 2023
WASHINGTON, Aug. 23 -- The U.S. Department of Justice issued the following news release on Aug. 22, 2023:
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 . . .
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 . . .