Yet another participant in Jamie Dimon’s criminal enterprise goes to prison. HNewsWire: by Tyler Durden Tuesday, Aug 22, 2023 – 10:45 PM It was not that long ago that a veritable army of trolls would emerge upon our merest mention that precious metal markets (like all other markets) are manipulated, whether by commercial or central banks, or by random assorted hangers on. Today, we can table that particular debate in perpetuity, after US District Judge Edmond Chang sentenced the former head of JPMorgan’s precious-metals desk and his top trader to prison for spoofing, fraud and market manipulation. Michael Nowak, whom we first highlighted back in 2019… … and most recently profiled last year, and who once upon a time was not only an LBMA board member but also ran gold and silver trading at JPMorgan, as well as his top trader Gregg Smith were…
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