Sentencing of former JPM metals trader delayed again

Section:

Sentencing of former JP Morgan Chase Precious Metals Trader Delayed as Federal Probe Continues

By Dawn Giel
CNBC, New York
Thursday, May 2, 2019

The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets.

Edmonds, 37, pleaded guilty in October in Connecticut federal court to working with other "unnamed co-conspirators" to manipulate the prices of gold, silver, platinum, and palladium futures contracts between 2009 and 2015 while employed at J.P. Morgan.

... Dispatch continues below ...


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The New York City man admitted learning illegal trading tactics from senior traders -- and to using those tactics with the knowledge and consent of supervisors.

His sentencing has been postponed twice, suggesting he is continuing to cooperate with prosecutors in their investigation. No one else has been charged. ...

... For the remainder of the report:

https://www.cnbc.com/2019/05/02/sentencing-of-ex-jp-morgan-chase-metals-...

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