Archive for September 2020
Former Deutsche Bank Traders Convicted Of Fraud For Spoofing Precious Metals Between 2008 And 2013
Former Deutsche Bank AG traders Cedric Chanu and James Vorley were convicted for manipulating gold and silver prices on Friday after three days of deliberation by a Federal jury in Chicago. The two were accused of making fake trade orders between 2008 and 2013 to influence the prices of precious metals. Their trial was a…
Read More“An Extremely Dangerous Game” – Central Bankers ‘Extend & Pretend’ Has Increased Risk Of “Catastrophic Collapse”
In recent weeks, there has been a lot of talk about the role of the world’s central bankers going forward. With that in mind, now seems like a good time to recap the market bailout operations during the past few years… to get some insights into how this all ends (spoiler alert – not well)! GnSEconomics.com’s Tumoas…
Read More‘There Is No Monopoly Here:’ Tim Cook Welcomes Antitrust Investigation of Apple
Speaking at the Atlantic Festival recently, Apple CEO Tim Cook discussed the antitrust issues that the tech giant is facing amongst a number of other topics. Mac Rumors reports that while discussing the topic of antitrust at the Atlantic Festival, Apple CEO Tim Cook stated that “big companies deserve scrutiny” which is “fair but important” for the…
Read MoreTraders On Edge As Futures Fail To Rebound After Wednesday Rout
US equity futures were subdued and European stocks rebounded from an early selloff as markets tried to stem the Wednesday rout sparked after a range of Fed speakers urged further fiscal stimulus, even as investors braced for another staggering weekly jobless claims figure, the latest evidence of a slowing economic recovery from a pandemic-led recession.…
Read MoreWIrecard’s Business ‘Almost Entirely Fraudulent’, Auditors Uncover $1BN Loss, Report Finds
Carmine Di Sibio, the international chairman of EY, said in a letter to clients published earlier thsi month that while he “regrets” the firm’s staggering lapse in supervising Wirecard (something the firm has continued to blame entirely on Wirecard’s deceptions, along with the invisible hand of Russian intelligence), the incident was a lesson learned, though he insisted…
Read MoreHow Big Banks Have for Years Engaged With Dirty Money, While the Working Class Struggle
It Is the Elitist Way of Doing Things and the New World Order Will Even Be More Corrupt… The agency, which operates under the Treasury Department, compiles “suspicious activity reports” when it detects potential or evident financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after…
Read MoreDeutsche Bank Trader Prosecuted By DOJ Was A London Gold And Silver Fixer
This is just the beginning of corruption that will be exposed in the months ahead, more bankers will be headed to prison soon… ‘Beginning in at least May 2008 and continuing through at least July 2013 (the “Relevant Period”), Defendants James Vorley (“Vorley”) and Cedric Chanu (“Chanu”) engaged in a manipulative and deceptive scheme (the “Scheme”) while placing orders and trading…
Read MoreStocks Suffer Longest-Losing Streak In Over A Year As Dollar Dump Continues
Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their trading careers (this is the longest losing streak since August 2019)… The Dow ended the week almost perfectly unchanged. This leaves The Dow down over 3% YTD and the S&P…
Read MoreEx-JPMorgan Trader Sentenced To 8 Months In Prison For FX Bid-Rigging
Two years after former HSBC head of currency trading, Mark Johnson, became the first person to be convicted in a global crackdown of currency rigging and was sentenced to two years in a U.S. prison, moments ago a former JPMorgan trader became the second person to be sentenced to eight months in prison for his…
Read MoreMarkets Will Crash within Days, Pull Out!
But, but, but… The ‘very successful’ IPO of Snowflake now has everyone who bought after its release yesterday now underwater… The Nasdaq is leading the plunge post-Powell… And bond yields are tumbling And don’t forget, tomorrow is quad-witch options expiry so hold on to your hats for a gamma-geddon in stocks and vol. Source: zerohedge
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