Tag: futures manipulation

Michael Nowak and other J.P. Morgan Traders Convicted of Fraud, Attempted Price Manipulation, Spoofing in Multi-Year Market Manipulation Scheme

Aug 10, 2022. A federal jury in the Northern District of Illinois convicted two former precious metals traders at JPMorgan Chase & Co. (JPMorgan) today of fraud, attempted price manipulation, and spoofing in a multi-year market manipulation scheme of precious metals futures contracts that spanned over eight years and involved thousands of unlawful trading sequences. According to court documents and…