Ever since the 2008 fiscal crisis, near regulators for all markets accept worked with, rather than against the banks that accept been establish guilty of committing dozens of crimes inward the fiscal system. From the rigging of currency too Libor rates, coin laundering to drug cartels too terrorist organizations, mortgage fraud, too fifty-fifty the near recent example of millions of cases of identity theft, no 1 is e'er charged amongst the crimes individuals inward these banks commit, too at best are only fined a modest total compared to the profits they garnered from their fraud.
But on Oct. three an interesting ruling came downward from a Federal approximate for the Southern district of New York where the courtroom ruled inward favor of investors that a civil example against key too bullion banks could instruct forwards due to potent show of fraud too manipulation inward the rigging of golden too argent prices.
MarketSlant has obtained documents regarding the London Gold Fix Scandal currently existence litigated inward the New York Southern District Court.
They include the Judge's initial findings inward the shape activity arrange pitting the LBMA too its fellow member Banks vs. Entities too Individuals that merchandise Gold too allege they were victims of toll manipulation too suppression from Jan 1, 2004 to June 30, 2013.
In the document dated October 3, 2016, presiding Judge Valerie Caproni of the USA District Court, Southern District rendered her Opinion too Order inward the matter. Judge Caproni has validated that much of the claims accept been substantiated too thence is recommending litigation for many of the claims brought. - Market Slant