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JP Morgan gold traders found guilty in US spoofing trial

Both traders face jail time for manipulating the price of gold for years, in the biggest case yet by the US Justice Department.

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Jury convicts two former JPMorgan traders of widespread market manipulation

A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.

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US Department Of Justice: Former J P Morgan Traders Convicted Of Fraud, Attempted Price Manipulation, And Spoofing In A Multi-Year Market Manipulation Scheme

<p><span>A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences.</span></p>

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JPMorgan gold traders found guilty in Chicago spoofing trial

The federal jury acquitted a third defendant, a salesman on the desk who was accused of participating in the conspiracy.

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JPMorgan traders found guilty of manipulating gold market for years

The conviction hands the US government a win in its long crackdown on bogus "spoofing" orders. Read more at straitstimes.com.

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