Article: Three J.P. Morgan precious metals traders charged as criminal probe continues

Article - Media

Three J.P. Morgan precious metals traders charged as criminal probe continues

Dawn Giel

CNBC, 16 September 2019

Federal prosecutors on Monday accused three J.P. Morgan precious metals traders, including the global head of base and precious metals trading, of participating in a racketeering conspiracy in connection with a multiyear scheme to manipulate the markets and defraud customers.

The alleged scheme saw the nation’s largest bank by assets profit handsomely, while investors suffered losses.

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Article: Another ex-JP Morgan precious metals trader pleads guilty to ‘spoofing,’ is cooperating with Feds

Article - Media

Another ex-JP Morgan precious metals trader pleads guilty to ‘spoofing,’ is cooperating with Feds

Dawn Giel

CNBC, 20 August 2019

Another former J.P. Morgan precious metals trader pleaded guilty Tuesday to criminal charges of manipulating the precious metals markets for nine years, marking the latest conviction in the Justice Department’s crackdown in the commodities markets.

Christian Trunz, 34, of London is cooperating with an ongoing federal criminal investigation, the Justice Department said. He pleaded guilty to one count of conspiracy and one count of spoofing in the U.S. District Court in Brooklyn.

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