SPDR S&P 500 (SPY)

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2 weeks after JP Morgan was charged as a Criminal Organization RICO for manipulating Gold prices for years today we find JP Morgan and other Banks acted criminally again by manipulating bond prices.

Mexico’s antitrust agency on Monday said it had found evidence of collusion to manipulate Mexican bond prices during a span of 10 years, and local media reported that seven global banks had been notified in the case.

The Mexican units of Banco Bilbao Vizcaya Argentaria SA, Citigroup Inc., Banco Santander SA, Bank of America Corporation, Barclays Plc, Deutsche Bank AG and JPMorgan Chase & Co. were notified of probable violations of Mexico’s antitrust laws, columnist Dario Celis reported Monday in El Financiero.


Bloomberg reported last week that seven financial institutions had been notified in the case.


Following a nearly three-year investigation, antitrust agency Cofece said in a statement that it had notified “various economic agents” of their probable responsibility for acting in concert to manipulate Mexican bond prices. Those notified will be able to defend themselves and the Cofece board will ultimately decide if it will impose fines that could reach as much as 10% of a company’s annual Mexican revenue.