You are here

Pam and Russ Martens: JPM's former chief monetary metals trader claims he was fired for cooperating with Justice Dept.

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, April 20, 2021

Donald Turnbull, a former global head of precious metals trading at JPMorgan Chase, has filed a doozy of a federal lawsuit against the bank. 

Turnbull worked on the same JPMorgan Chase precious metals desk that was deemed to be a racketeering enterprise by the U.S. Department of Justice when it handed down indictments in 2019. This was the first time that veterans on Wall Street could recall employees of a major Wall Street bank being charged under the Racketeer Influenced and Corrupt Organizations Act or RICO statute, which is typically reserved for organized crime.

... Dispatch continues below ...


ADVERTISEMENT

Production Due Soon from VanGold Mining
in Silver and Gold District in Central Mexico

James Anderson, chairman and CEO of VanGold Mining (VGLD.V; VGLDF; vangoldmining.com), joins Austin and Andrew O'Donnell of Stock Talk / Supercharged Stocks to discuss the company's imminent production at its silver and gold properties in a historic mining district in central Mexico.
 
VanGold Mining recently acquired the El Cubo mine and mill from Endeavor Silver, where mining has been underway for 500 years and where three Canadian mining companies are already active, along with silver behemoth Fresnillo PLC.

Anderson's interview is 28 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=ooLnyVIfhls&t=35s


JPMorgan Chase, the largest bank in the United States, has the further unprecedented distinction for a U.S. bank of being charged with five felony counts by the Justice Department in a six-year span, running from 2014 to 2020. The bank admitted to all the charges while its board kept Chairman and CEO Jamie Dimon at the helm throughout the unprecedented crime wave, giving the impression that crime is an accepted business model at the bank.

Turnbull's lawsuit, filed his month in U.S. District Court for the Southern District of New York, alleges that the bank trumped up false charges against Turnbull as a pretext to terminate him when it was actually terminating him for cooperating with the Justice Department's investigation. ...

... For the remainder of the report:

https://wallstreetonparade.com/2021/04/a-traders-federal-lawsuit-against...

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://tinyurl.com/3xt6uw66

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16