in the new york mercantile exchange, not to get into it, that oil they could take physical delivery, before that would occur they had made money by increin dand which dresrices highe sold it in one day. bill: then they dumped it on the market so the price came down and they sold short. they slowly built it up which they made money on it and they sold all of that oil in one day. bill: so they membershipped it? they absolutely membershipped it. the feds are now suing them. if the commodities future trading commission is correct. that is their allegation. they sued them in civil court. and the question is what happens then next? will the justice department also bring a criminal suit? that s to be seen. bill: again. they are innocent until proven guilty. we are not convicting them. we want to show the folks how the con works. it worked to the tune of auto million. bill: they auto million bucks. worked for a norwegian john billionaire john fred distributionson. these two
in the new york mercantile exchange, not to get into it, that oil they could take physical delivery, before that would occur they had made money by increasing demand which drives prices higher. sold it in one day. bill: then they dumped it on the market so the price came down and they sold short. they slowly built it up which they made money on it and they sold all of that oil in one day. bill: so they membershipped it? they absolutely membershipped it. the feds are now suing them. if the commodities future trading commission is correct. that is their allegation. they sued them in civil court. and the question is what happens then next? will the justice department also bring a criminal suit? that s to be seen. bill: again. they are innocent until proven guilty. we are not convicting them. we want to show the folks how the con works. it worked to the tune of auto million. bill: they auto million bucks. worked for a norwegian john billionaire john fred distributionson
in the new york mercantile exchange, not to get into it, that oil they could take physical delivery, before that would occur they had made money by increasing demand which drives prices higher. sold it in one day. bill: then they dumped it on the market so the price came down and they sold short. they slowly built it up which they made money on it and they sold all of that oil in one day. bill: so they membershipped it? they absolutely membershipped it. the feds are now suing them. if the commodities future trading commission is correct. that is their allegation. they sued them in civil court. and the question is what happens then next? will the justice department also bring a criminal suit? that s to be seen. bill: again. they are innocent until proven guilty. we are not convicting them. we want to show the folks how the con works. it worked to the tune of auto million. bill: they auto million bucks. worked for a norwegian john billionaire john fred distributionson