Ex-JP Morgan trader tend to owe to manipulate metals

A former J.P. Morgan Chase Trader has admitted to manipulating American markets of a number of precious metals for about seven years – and he has implicated his supervisors at the bank.

John Edmonds, 36, charged himself with a plunder of commodity fraud and one counts each conspiracy to commit fraud, prism manipulation and spoofing, according to a Tuesday solution by the US Department of Justice. Edmonds spent 13 years on New York-based JP Morgan until he left last year, according to his LinkedIn account.

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