Class action against Morgan, HSBC specifies silver manipulation mechanism

Posted: December 29, 2010 in Current Events, Ongoing Criminal Activity, Silver

Here we have another class action lawsuit from a firm out of Chicago against J.P. Morgan Chase and HSBC regarding silver market manipulation.  The lawsuit sites Andrew Maguire who was the original whistleblower and U.S. CFTC member Bart Chilton.  The lawsuit discusses specifically how J.P. Morgan and HSBC could manipulate the silver prices through silver exchange-traded funds.  The full complaint can be found here.  The law firms press release can be found here.

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