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Bankers Turn Against Each Other, Release “Smoking Gun” Proof Of Massive Market Rigging Scheme
Published by Brett Slater — 01-12-2017 08:01:00 AM
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(ZeroHedge) — Back in April, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning: “in a curious twist, the settlement letter revealed that the former members of the manipulation cartel have turned on each other“, and that Deutsche Bank would provide documents implicating other precious metals riggers. To wit: “In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants.”
Overnight we finally got a glimpse into what this “production” contained, and according to documents filed by the plaintiffs in the class action lawsuit, what Deutsche Bank provided as part of its settlement was nothing short of “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market. The allegation, as Bloomberg first noted, came in a filing Wednesday in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts.
Read more at http://thefreethoughtproject.com/bankers/#WEuK2tihjCPcuAUx.99
About Brett Slater
Hi, I’m Brett. I wasn’t always successful. I haven’t always been financially free. Just three years ago, I was in an immense amount of debt. I haven’t always possessed the knowledge needed to help and heal lives. I’m more like you than you might think. I know how you feel because I’ve been in your position. Depression was something I battled with when my business failed. Opening the mail, dealing with bills, avoiding phone calls… if you can think of a way to avoid your responsibilities, I probably gave it a try. I couldn’t cope with the reality of my life. It was easier to ignore it. Having financial freedom is just like any other big accomplishment. Would you expect to have washboard abs if you never went to the gym? Probably not. This same theory applies to money. Money will not come to you without effort. If you neglect your money, it will consume you. First you’ll lose your financial security… and then you’ll lose your emotional security. Sometimes both simultaneously. It can be humiliating.
