- John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing.
- Edmonds, a 13-year J.P. Morgan veteran, said that he learned how to manipulate prices from more senior traders and that his supervisors at the firm knew of his actions.
I've been reading for years that JPMorganChase is doing things to keep silver down.
IMO things like this should be investigated and if one is guilty the punishment should be harsh. In some cases they are messing around with people's life savings. 