THELOGICALINDIAN - The US Department of Justice has answerable three JP Morgan article traders with bazaar abetment Rackets such as this from the worlds better banks accord added backbone to bitcoin every day they get exposed
Who Is The Fraud Now?
JP Morgan Chase bang-up Jamie Dimon already alleged bitcoin a fraud. Two years ago he said ‘If you’re brainless abundant to buy it, you’ll pay the amount for it one day.’ Now it turns out that his coffer has been the counterfeit one as the DOJ flexes its anatomy adjoin JP Morgan’s trading desk.
According to the Financial Times, three metal traders for the Wall Street coffer accept been answerable for bazaar abetment in what the prosecutors declared as a
JP Morgan’s arch of adored metals trading, Michael Nowak, was answerable on Monday forth with two colleagues, Gregg Smith, and Christopher Jordan. The federal racketeering accuse handed out are commonly acclimated to booty bottomward organized abomination syndicates.
Effectively JP Morgan can be advised a abomination syndicate afterward this aspersion and RT ballast Max Keiser tends to agree.
The allegation alleges that amid May 2024 and August 2024, the defendants affianced in boundless spoofing, bazaar abetment and artifice for gold, silver, platinum and aegis futures affairs while alive on the adored metals board at the bank.
JP Morgan forth with HSBC dominates all-around flows of gold and argent trading. The accuse added that the traders placed orders that they advised to abolish afore beheading in adjustment to actualize clamminess and drive prices against orders they capital to assassinate on the adverse ancillary of the market.
Short The Bankers, Long Bitcoin
It has been a continued time advancing but it is acceptable the case will access analysis over the world’s adored metals markets and the ascendancy of ample banks such as JP Morgan. Prosecutors adumbrated that added chief admiral and added banks were beneath investigation.
In the accomplished decade abandoned all-around banks accept been fined added than the absolute bazaar assets for all crypto assets for a ambit of abominable activities. Just aftermost anniversary banks in the UK were hit with billions of dollars in fines for an allowance betray that defrauded millions of citizens.
For already we can say with confidence, yes, bitcoin solves this.
Should Jamie Dimon booty aback his ‘bitcoin is fraud’ statement? Let us apperceive what you think.
Images via Shutterstock, Twitter: @maxkeiser
