JPMorgan gold trader hires CFTC lawyer in DOJ price manipulation case

Earlier this week I was celebrating that the Justice Department was finally coming down on JPMorgan for its traders manipulating precious metal trading over the last decade at least.

Justice indicted three traders including Michael Nowak who was a managing director and ran JPM’s global precious metals desk.

Well wouldn’t you know Nowak has hired David Meister, the former Chief of Enforcement for the Commodity Futures Trading Commission to represent him. Meister is again with Skadden Arps.

Meister you may remember, ran a 5-year silver price manipulation probe while at the CFTC only to close it without finding any wrongdoing in 2014. He then moved back to the white-show law firm weeks later.

Isn’t that precious.

Advertisements