Jury Trial Demanded in silver manipulation lawsuit
derryb
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Anyone joined the class action lawsuit?
The Complaint provides good insight into the manipulation scheme
Begining on pg 9 of the complaint are the emails that were sent to the CFTC by the now well known whistlblower, giving them a heads up of the coming price takedowns. It becomes obvious as you read the complaint that the recent explosion in silver prices of silver may very well be a result of the "massive unwinding" of their short positions by the defendents begining in March 2010 when the whistleblower went public with his failure to get action from the CFTC. Also appears that price take downs of silver have since been greatly reduced. Thank you whistleblower! We should obtain his address and all mail him an ounce.
As with the Wall St. Ripoff of the American Public in 2000-2008, government oversight and investigative agencies continue their failure to identify, charge and prosecute Wall St. criminals. It appears that it will be left up to the injured parties to seek their own recourse and compensation through the courts. Hopefully we will see some lawsuits filed directly against these watchdog agencies for their failure to perform their duties to the American people.
The Complaint provides good insight into the manipulation scheme
Begining on pg 9 of the complaint are the emails that were sent to the CFTC by the now well known whistlblower, giving them a heads up of the coming price takedowns. It becomes obvious as you read the complaint that the recent explosion in silver prices of silver may very well be a result of the "massive unwinding" of their short positions by the defendents begining in March 2010 when the whistleblower went public with his failure to get action from the CFTC. Also appears that price take downs of silver have since been greatly reduced. Thank you whistleblower! We should obtain his address and all mail him an ounce.
As with the Wall St. Ripoff of the American Public in 2000-2008, government oversight and investigative agencies continue their failure to identify, charge and prosecute Wall St. criminals. It appears that it will be left up to the injured parties to seek their own recourse and compensation through the courts. Hopefully we will see some lawsuits filed directly against these watchdog agencies for their failure to perform their duties to the American people.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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From the lawsuit: "The class is defined as follows: All persons or entities other than defendents and their employees, affiliates, parents, subsidiaries or co-conspirators who transacted in COMEX silver futures or options contracts between June 1, 2008 through March 31, 2010."
Leaves most of us out. Email of counsel in the lawsuit on Pg. 1.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey