Tuesday, April 6, 2010

Andrew Maguire finally exposes systemic fraud by CFTC & JPMorgan


Andrew Maguire & Adrian Douglas: Discuss What Could Be the Largest Fraud in History - Andrew is an independent metals trader turned whistleblower at the center of a storm for exposing what could be the largest fraud in history involving countries, banks and government leaders. Adrian Douglas Board of Director from GATA, the man who Andrew reached out to joins in this interview where they discuss a fraud so extraordinary and so unimaginable that it is the kind of thing that only happens in hollywood thrillers. They also discuss the CFTC sponsored meeting on metals which was an unmitigated disaster because it additionally exposed the fraud on a grander scale.  

It's admitted to the CFTC: London gold market is a Ponzi scheme

By Adrian Douglas
Sunday, March 28, 2010

The bombshell GATA dropped at the public hearing held by the U.S. Commodity Futures Trading Commission on futures trading in metals was stunning. Video of GATA Chairman Bill Murphy revealing a whistleblower source who warned the CFTC's Enforcement Division about market manipulation by JPMorganChase and witnessed JPM traders bragging of their exploits can be viewed here:

Bill Murphy of GATA Speaks to CFTC

Bill Murphy of GATA Reveals Whistle-Blower in Gold Price Suppression

Murphy explained that even though the Enforcement Division received detailed information about it in December 2009, the manipulation continues unabated, as can be seen by the way gold was taken down last week to rob holders of April gold call options in the strike range of $1,100-$1,150 as the hammering made the options expire worthless.

GATA believes that this new evidence will prove to be a "smoking gun," a watershed event in liberating the gold market from price suppression. FULL STORY

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