JP Morgan Chase & Co (JPM)

[Saving Grace]

JP Morgan indictments for CME manipulation! Finally

Not just a fine anymore for these crooked manipulators who have been robbing base metals companies and their respective shareholders.

Quote:

The criminal indictment against the three JP Morgan traders raises the bar in DOJ enforcement actions alleging spoofing by including a RICO charge. The DOJ claimed that the defendants’ ongoing conduct constituted a “pattern of racketeering activity.” In connection with a RICO indictment, the DOJ has the authority to seek a pretrial order to temporarily seize a defendant’s assets and stop the transfer of potentially forfeitable property. Sometimes solely the threat of seizure in RICO actions prompts defendants to resolve their criminal actions early.

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