Deutsche Bank evidence implicates others in price fixing scandal
Samuel Gee, News Editor
8 Dec 2016, 11:33 a.m.
Evidence disclosed in the lawsuit regarding Deutsche Bank’s manipulation of the gold price have confirmed the involvement of several other banks in the rigging of the silver market.
This has only confirmed what many already suspected concerning the manipulation of precious metals prices by traders at several major firms. The documents disclosed in the DB lawsuit show evidence of secret conversations between employees of several market making financial institutions.
The documents apparently show evidence that traders and submitters would coordinate trades before a daily phone call in order to manipulate the silver spot market and using illegal methods to fix prices.
This additional evidence has revealed a far larger conspiracy to rig prices than was at first believed and has led plaintiffs to open a new case with these further accusations.