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Bloomberg
Spoofing Gold Price ‘Common’ at Bear Stearns, Ex-Trader Says
(Bloomberg) — At Bear Stearns Cos., before the bank was acquired by JPMorgan Chase & Co. in 2008, manipulating the gold futures market with bogus spoof orders was “common practice,” especially for its top trader, Gregg Smith, a former colleague told jurors in Chicago.Most Read from BloombergThis Could Be the Start of a Dollar ‘Doom Loop’ Like No OtherGhana Declares First Marburg Virus Disease OutbreakA Goldman Legend, Crypto Star and Top Banker Warn of Next Big RiskStock Optimism Evaporates Wit
