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Wednesday, jan 1
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44°
Wednesday, jan 1
Tag:
Commodities Fraud
News
Ex-Precious Metals Trader Admits To Commodities Fraud
A precious metals trader from New York is facing time behind bars after admitting in district court in Connecticut to commodities fraud and a spoofing conspiracy for his role in a trading scheme to deceive the precious metals futures contracts markets. Brooklyn resident John Edmonds, a former precious metals trader at a federal bank, admitted that from 2009 through 2015, he conspired with other precious metals traders at the bank to manipulate the markets for gold, silver, platinum and palladium futures contracts traded on the New York Mercantile Exchange Edmonds stated that he and the othe…
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