Gold Trader’s Chat Bragged About ‘How Easy’ It Is to Manipulate Prices

Bloomberg2021-07-22

(Bloomberg) -- Chat logs introduced as evidence by prosecutors at the Chicago spoofing trial of two former precious-metals traders for Bank of America Corp.’s Merrill Lynch unit shows one of them, ...

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精彩评论

BlueDaisy
2021-07-22
BlueDaisy
Nothing new[微笑]
tiototo
2021-07-22
tiototo
Why they left traces in the chat msg???
KH321
2021-07-22
KH321
Jail them!
zero79
2021-07-22
zero79
Manipulation is scary
- ACCY:
  Yeah man
Kennyoscar
2021-07-22
Kennyoscar
Wow
KCYP
2021-07-22
KCYP
Yeah
- pav:
  Pls like

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Chanu and another Deutsche Bank Trader, James Vorley, were sentenced last month to a year in prison each for their convictions in 2020 on spoofing charges at a separate trial.\n“I f..k the mkt around a lot,” Bases said in another message.\nBases and fellow Merrill Lynch trader John Pacilio face federal fraud charges for allegedly spoofing the futures market from 2008 to 2014.\nAnother episode described by Garibotti involved trades by Bases and Pacilio on Aug. 9, 2010, when both were working at Merrill Lynch.\nThat day, Bases placed an iceberg order to buy 10 contracts of platinum, with six being filled at placement, she said. Less than 10 seconds after Bases placed that buy order, Pacilio placed an order to sell 205 contracts for $15,856,750, which was almost 90% of what was visible on the exchange order book, Garibotti said. The price went down, and the rest of Bases’ order was filled, she said. 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new[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172896718","repostId":1119296199,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":172340748,"gmtCreate":1626939974584,"gmtModify":1631889458381,"author":{"id":"3581681532128922","authorId":"3581681532128922","name":"tiototo","avatar":"https://static.tigerbbs.com/23c32a08fbf6fc88a1bda4f6b4f99ddb","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581681532128922","idStr":"3581681532128922"},"htmlText":"Why they left traces in the chat msg???","listText":"Why they left traces in the chat msg???","text":"Why they left traces in the chat msg???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172340748","repostId":1119296199,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":172382291,"gmtCreate":1626936487613,"gmtModify":1633769569841,"author":{"id":"3586451610703869","authorId":"3586451610703869","name":"KH321","avatar":"https://static.tigerbbs.com/c1bb8bd7d6d5df5f9732871fe60999ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586451610703869","idStr":"3586451610703869"},"htmlText":"Jail them!&nbsp;","listText":"Jail them!&nbsp;","text":"Jail them!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172382291","repostId":1119296199,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":172383534,"gmtCreate":1626936070028,"gmtModify":1633769572369,"author":{"id":"3586590970630142","authorId":"3586590970630142","name":"zero79","avatar":"https://static.tigerbbs.com/18bdafe6e77141b002b8ed62dd5cc0e3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3586590970630142","idStr":"3586590970630142"},"htmlText":"Manipulation is scary","listText":"Manipulation is scary","text":"Manipulation is 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