Feds launch criminal probe of alleged JPMorgan silver market manipulation

The Department of Justice and the Commodity Futures Trading Commission have launched parallel criminal and civil investigations of JP Morgan Chase and its trading activity in the silver market, the New York Post reported Sunday.
Quoting unidentified sources, the Post reported, "The probes are centering on whether or not JP Morgan, a derivatives holder in precious metals, acted improperly to depress the price of silver."
In an interview with the Post last month, Maguire said, "JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the U.S. dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the U.S. taxpayers."


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