Abject Corruption

Please be sure to read this free, public post.

40
Tue, Sep 17, 2019 - 10:22pm

By now, you've heard of the indictment of three, key JP Morgan employees and the charges of precious metals market manipulation. Well, I've just unearthed a nugget that will leave you speechless.

If you've been around here for a while, you'll recall my secondary role in 2012 of assisting Andrew Maguire in his quest to end the Banks' ongoing gold and silver price manipulation. Though Andy had direct evidence from two whistleblowers inside JPM...and though this evidence was officially and legally summarized and submitted to the CFTC in August of 2012...the CFTC sat on the case. Their official "silver manipulation investigation" had dragged on to its fourth year and no end was in sight.

Then, in September of 2013, the CFTC suddenly closed the investigation and declared that there was "no viable basis to bring an enforcement action". See this: https://www.cftc.gov/PressRoom/PressReleases/pr6709-13

The timing of this was suspect because just one day before, Andrew Maguire had appeared on The Keiser Report to disclose the information that the CFTC was seemingly ignoring. The video is below. The TFMR link posted the next day is here: https://www.tfmetalsreport.com/blog/5087/am-mk

OK, so let's get back to that CFTC press release from the day they suddenly closed the investigation. Note that the investigation was handled by the CFTC's Division of Enforcement:

During the investigation, the head of the CTFC's Division of Enforcement was a man named David Meister. In a curious development, Mr. Meister quit the CFTC just one week after the silver investigation was closed. https://www.cftc.gov/PressRoom/PressReleases/pr6735-13

But there were no worries for Mr. Meister as he soon landed on his feet at the law firm of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates. https://www.skadden.com

And so NOW is where we bring all of this full circle...

Please see this CNN summary of the DoJ indictments of Monday: https://www.cnn.com/2019/09/16/investing/jpmorgan-precious-metals-price-...

Did you catch it? If not, here's the excerpt you need to see:

So, in summary...

  1. The Enforcement Division of the CFTC runs a five-year investigation into silver price manipulation, only to immediately close the investigation once presented with irrefutable whistleblower evidence of said manipulation.
  2. The head of the Enforcement Division, David Meister, quits the CFTC within a week of closing this investigation.
  3. Meister then takes a job with Washington law firm, Skadden LLP.
  4. Skadden LLP has been retained by Michael Nowak, former head of the JPMorgan precious metals desk, as his defense attorneys. The lead attorney defending Nowak is David Meister.

And there you have it. Abject corruption that is in your face and undeniable with another case of the Financial-Political Complex protecting its own.

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  40 Comments

Stevediva
Sep 17, 2019 - 10:26pm

two words:

billable hours....

Meister ...what is his billing rate.

Craig, thanks for staying on top of this.

Gold Bugs 1, Bankers 666

H8Fiat
Sep 17, 2019 - 10:30pm

Dots connected

Thanks for the work on connecting the dots. This is just another example of how the Rule of Law has been suspended for those in the club. I'm some how reminded of the old Queensryche song Revolution Calling

Queensryche - Revolution Calling

H8

Sep 17, 2019 - 10:40pm
brolgaboy
Sep 17, 2019 - 10:40pm

Simon Mikhailovich’s NYC cabbie gets it

check ot out on the Twitter

J Siefert
Sep 17, 2019 - 10:42pm

Well done Craig!

Some good work there.

Alex777
Sep 17, 2019 - 10:45pm

Corruption

OK, So the Law is there to protect the rich and powerful. That's why OJ could get away with murder and ultimately a President can do anything he wants!

Quote, "When the President does it, that means that it is not illegal."

So Politicians are above the Law? Looks like Bankers and Lawyers believe they are also above the law!

Money is the Law!

uni59
Sep 17, 2019 - 10:47pm

TF

how good are the chances the metals get hammered after the rate cut?

uni59
Sep 17, 2019 - 10:53pm

Sell the news

I've been expecting this for weeks but that was before the bond meltdown that crushed us already.

So, at this point, I'd suspect maybe one more post-FOMC dip is possible but I think that would be all. Watch the CDG 50-day near $1485.

scoremore
Sep 17, 2019 - 11:05pm

I couldn't help it...

On twitter I had to make a Burger Meister crack when Craig tweeted this out...

I know it is not a laughing matter but it was right there all teed up.

Burger changed his name to David and moreover he hates toys!

Winder
Sep 17, 2019 - 11:16pm

Something’s

not right. If the big banks have been sitting on PMs basically as government agents, why would there ever be indictments? Can’t get my head around that.

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