Article: The Mysterious London Traders Accused of Manipulating Oil Markets — and the Anonymous Hedge Fund, Rare-Coin Expert, and Day Traders Who Are Fighting Back

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The Mysterious London Traders Accused of Manipulating Oil Markets — and the Anonymous Hedge Fund, Rare-Coin Expert, and Day Traders Who Are Fighting Back

Leah McGrath Goodman, 17 September 2020

Robert Mish is not an oil trader. He’s a numismatist — an expert in rare coins, precious metals, and currencies. Growing up in Brooklyn, he began by collecting stamps and playing cards at the age of four. From there, he moved on to coins and, eventually, valuable antiquities, heading out to California to start his own business in Menlo Park, Mish International Monetary. He traveled the world attending coin shows and became an authority on commodities such as gold, silver, platinum, and palladium, writing and contributing to a number of books.

This year, two months after his 73rd birthday, Mish found himself trading U.S. crude oil futures at perhaps their most inopportune moment: On April 20, the price of oil fell to zero — and kept falling. Mish, an expert in commodities, was holding ten oil contracts as the market went over the edge.

After 50 years of inspecting currencies and stores of value from the Americas to Europe to Asia, Mish can also claim another expertise: He is an expert in counterfeit detection. That day, as he watched his oil trades go south, he picked up the phone and called one of the best market-manipulation lawyers in the country.

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Subject: Jeremy A. Lieberman

Subject of Interest

Jeremy A. Lieberman is the managing partner at Pomerantz Law Firm, NY. He graduated from Fordham University School of Law. His practice area is Securities Litigation. His law admissions are:
State of New York; U.S. District Courts for the Northern, Southern, Eastern Districts of New York, Southern District of Texas, District of Colorado, Eastern District of Michigan and Northern District of Illinois; U.S. Courts of Appeals for the First, Second, Third, Fourth, Sixth, Ninth and Tenth Circuits; U.S. Supreme Court.

Biography

Pomerantz Law Firm