Silver, Gorillas, Madoff and Financial Regulators –Will They Ever Learn?

IMG Auteur
Ned Naylor Leyland
Published : October 05th, 2011
180 words - Reading time : less than a minute
( 1 vote, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 

One of the most uncomfortable facts surrounding the Bernie Madoff case was that he was allowed to continue operating for years despite all the evidence about this fraud being gift-wrapped and delivered(on more than one occasion) by Harry Markopolous to the SEC. Despite the clear evidence handed to them, the SEC looked the other way. Interestingly, and coincidentally, JPMorgan was a key player in the Madoff case, and this summer the Trustee in charge of liquidating Madoff’s firm sought $19bn in damages from JPMorgan, accusing the bank of being ‘an active enabler for the Madoff Ponzi scheme’. It is also widely known that JPMorgan has repeatedly been accused of manipulating Silver (and Gold) prices, and in light of the recent downdraft in Silver, I felt it would be pertinent to revisit the timeline and details of this ‘manipulation’ and the ‘investigation’ into it. There is an uncomfortable echo here with the Madoff case and it is also worth reiterating as background to this story that there is an ONGOING investigation at the CFTC into Silver manipulation.


Read More @ Scribd.com

 

 

<< Previous article
Rate : Average note :5 (1 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS