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Finally, the first gold and silver price manipulator is sentenced since 1980

Jun 07, 2017

http://www.cftc.gov/PressRoom/PressReleases/pr7567-17#PrRoWMBL

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against David Liew for engaging in numerous acts of spoofing, attempted manipulation, and, at times, manipulation of the gold and silver futures markets….

James McDonald, the CFTC’s Director of Enforcement, commented: “Today’s enforcement action demonstrates that the Commission will aggressively pursue individuals who manipulate and spoof in our markets….

That’s a refreshing change of policy! It’s a good start. Let’s see if the bad guys can stop the momentum, or if more of these thieves will go to jail.


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Category: Financial
Blog Author: Dr. Stephen Jones