JPMorgan gets yet another 'sweetheart' deal from feds for flagrant market corruption
Judging from the statements put out Tuesday by federal securities regulators and the Department of Justice, JPMorgan Chase & Co. got caught in a serious, flagrant, years-long plot to rig financial markets.
The Justice Department broke the offense down into two "schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures."
Dan M. Berkovitz, a member of the Commodity Futures Trading Commission, called "the scope of misconduct and market harm ... unparalleled."
The government slammed JPMorgan
