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The alleged conduct lasted eight years, announced Monday the Ministry of Justice.
The government has accused Gregg Smith, executive director, and Michael Nowak, managing director and head of the bank's precious metals office. Both were current employees Monday morning, government officials said.
The third person charged is Christopher Jordan, a former JPMorgan employee.
JPMorgan declined to comment on Monday. Instead, he referred to an earlier public deposit in which it was stated that he "reacted to and cooperated with these investigations".
Between 2008 and 2016, Smith, Nowak and Jordan would have manipulated the futures prices on gold, silver, platinum and palladium traded at the New York Mercantile Exchange and the CME Commodity Exchange.
"Smith, Nowak, Jordan and their co-conspirators would have engaged in a complex ploy of trading precious metals in a manner that would have a negative impact on the natural balance of supply and demand, "said William F. Sweeney Jr., deputy director of the FBI. head of the FBI's external office in New York, said in a statement.
Nowak's lawyers, David Meister and Jocelyn Strauber, said in an email statement: "It is truly regrettable that the GM has decided to sue the prosecutor against Mike Nowak, who has done nothing wrong. eager to represent him at trial and wait for him to be fully exonerated.
Smith's legal representative declined to comment, while Jordan's representative did not return e-mails or request comments.
The government claims that the defendants engaged in "identity theft, market manipulation and fraud" by placing commercial orders that they planned to cancel before execute them, according to a statement from the Ministry of Justice. The aim was "to deceive" the other operators by buying and selling futures at prices they would not have done otherwise, according to the Department of Justice.
"We will follow the facts wherever they are, whether further in banks or in other institutions," said Deputy Attorney General Brian A. Benczkowski during a telephone interview. with journalists.
The Commodity Futures Trading Commission of the United States also filed a lawsuit against Smith and Nowak on Monday.
The Department of Justice said that the indictments were the latest in a series of cases involving commodity fraud, which resulted in eight guilty pleas and a 36-month prison sentence, with half a dozen others waiting. One case ends with an acquittal and another with a lawsuit for annulment.
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