Inside JP Morgan's $1 Billion Market Manipulation Scam

[@viceroy3016]

To stop this activity the companies caught should have to A.) forfeit all profits made from the illegal activity. B) Pay a fine on top of the forfeiture. and c.) Face jail time for the illegal activity. This would put and end to most of the nonsense.

[@markhathaway9456]

Without jail time they'll just consider it another kind of business deal with successes & failures. They'll never consider it "wrong" and they won't stop until the costs outweigh the gains.

[@Perfect_Ability]

Exactly

[@AdrianDucao]

You cant do this... if you're a money making machine goverment will protect you... and if you're making money just like them can you say the samething? Like "hey im making too much money put me in jail and fine me" i dont think so

[@markhathaway9456]

@@AdrianDucao A company can continue and do fine after it's executive(s) are jailed or fined and kicked out of the company.

[@AdrianDucao]

@Mcillsonn if you cant beat them join them

[@pet3590]

“It’s legal when we do it”

[@wallstreetmillennial]

lol, for these banks the fines are just a cost of doing business

[@joad8537]

upper management wants you to work from prison. 😂

[@aggerleejones200]

$1 billion is not that much for JP Morgan they made about 36 billion in 2019 and it really doesn’t matter what they do because if they fuck up the tax payer will have to bail them out.

[@-Chooka]

A company paying a fine for this sort of thing is just the government getting a cut of the action. The only penalty that means anything is jail time for the perp and their supervisor/boss.

[@chazzbear1980]

If the punishment is a fine, then the law is only for poor people

[@shawnbrownfield9857]

👏👏👏...welcome to the privately ran world

[@robertagren9360]

Yes. A law you can pay yourself out of jail isn't a law but a taxation. It tells the company you are allowed to continue as long you cover your tracks.

[@jordanmills7468]

What about when the punishment is a fine for stealing hundreds and hundreds of dollars of merchandise?

[@careeruse7152]

JP Morgan: You're a market manipulation ! *runs off crying* U.S. Government: Morgan-san !! Wait !! I have more tax dollar bentos !! *quickly follows*

[@TheMmiguelito]

If they paid a billion in FINES,just IMAGINE how much they actually made🤔🤔🤔

[@nabilshafec7169]

Probably is around $1Billion but similar to cartels, they’ll do multiple scams and scarified the one they’re caught for happily

[@Malluminati]

He said they made about 12bil in a quarter alone

[@paulwatkins5663]

And also mentioned the breakdown of the fine was only 5 days of trading profit. What's sad is they are continuing to Spoof the precious metals markets today such as the LBMA 1 billion ounces of metals that was just a "record-keeping error".

[@redneckrevolt1]

$30bil lol

[@klopcodez]

@@Malluminati yea money from regular people and stealing

[@johnguillett1059]

Lol a billion dollars is probably less than what they make in a week, really showed them.

[@Aevykin]

Well, yes, they say in the video they could have done it in less than 5 trading days.

[@johnguillett1059]

@@Aevykin Sorry I posted this before I realized he said that.

[@blankblankpog]

@@Aevykin So a week

[@nietur]

So what? The fine is for the SPOOFING, not EVERYTHING they do.

[@Billydevito]

The damage caused by JPM’s criminals is incalculable. The fact that JPM CEO’s are not in prison, and that JPM still has a banking license is just as criminal as the MASSIVE thefts perpetrated by JPM. TO RICH TO JAIL !

[@Typing.._]

Morgan’s response: dang accounting software went haywire 🤐 🤫

[@porkpk8621]

Thank you sir! Great work as always

[@msijo]

While they were engaging in all this illicit behaviour, they used to make all employees take compulsory courses on reporting fraud, ethical behaviour etc. What hypocrisy & irony. :Ex Employee

[@aj9969]

Talk about the greatest manipulation that they did - the silver futures market

[@jonathanwoo9829]

if these investment banks and hedges invested based on fundamentals like they tell the rest of us their returns wouldn't be acceptable, lol.

[@amorosogombe9650]

The lack of ethics in these banks...

[@VioletPrism]

Great channel keep it up :) would love to see some interviews someday

[@CommodoreFloopjack78]

As long as Big Business has the politicians in its collective pocket, nothing is going to change.

[@eddycarpenter8989]

As long as we have a culture that is focused on becoming rich at all costs and worshiping billionaires no one will ever have the consciousness to hold politicians accountable

[@CommodoreFloopjack78]

@@eddycarpenter8989 And this is not going to change anytime soon. Or ever, for that matter.

[@shindersamra4020]

Cheaters should lose every dime, make them pay for fraud.

[@SuperEH2393]

They are manipulating the market and getting slaps on the wrist? Are you telling me that no one received jail time? I'm sure that other traders lost money due to their market manipulation tactics. They seriously need to step up and regulate these companies more.

[@tedpert8786]

Fines are not enough jail time will cure the problem!

[@albertfernandez8581]

I have a job Interview for JP Morgan this week

[@surlyboomergaming2517]

Well the solution is simple -- if they can't trade by the rules, don't let them trade. That would straighten them up rather quickly. Ofc the problem then becomes the havoc in the markets if they cant :( Another solution I like is a multiplier for fines, and fines for the CEO for each "case". So the first time, they do anything wrong, its a fine...not negotiated!! Second time the base for the fine doubles, and the CEO gets a fine. The next time the previous fine doubles, and so on. Then, all of these seemingly "small" cases will add up and become painful,

[@lovelyday50]

Such a crime against humanity. Thanks for the video.

[@troysmith749]

Isn't this why the flash crash guy got all that legal drama?

[@tydavis7186]

Yes, u knocked it out of the park good job, unfortunately it will never stop.

[@tkfg331]

This is yet another example that a Monetary Reward Economy can only lead to the collapse of that civilization.

[@jay9220]

Regulator's team members own lots of J.P. Morgan shares. That's why fine is relatively so low compared to the shy high company profit.

[@TheMmiguelito]

"Allegedly" they paid a fn fine!!!! IF you or I did ANYTHING like this, we'd be in fn jail!! SMMFH

[@davidaware2366]

If you didn’t do it for personal profit then the punishment wouldn’t be as extreme

[@TheMmiguelito]

@@davidaware2366 riiiiiiight...

[@ck58npj72]

Liquidate the company, take all assets and jail time for all management level employees.

[@sabelomalete]

That would cause market crash, but still nice idea. Jp is seriously huge, you will be punishing wrong people for 1 persons criminality.

[@sgw8707]

This is why so many people think they are against capitalism , though this is on a whole different scale of "capitalism" than your dads fishing supply store

[@danb1618]

Ah JP Morgan. The bluest of blue chip rogue traders

[@millardbrown9121]

Easy way to fix and make the market fair for everyone is to implement a flat 3 second time delay to buy and sell an equity. Example: you put in a buy order and this order can not be canceled for at least 3 seconds, same applies for sells. It is a simple fix but it won't ever be done because the banksters don't want it to be far.

[@tupacalypse88]

what would this do?

[@perficete1000]

Great video! 👍🏻please investigate and tell us about Artificial Intelligence algorithms running on stock markets now 🙏do we stand a chance against them?

[@shawnrobertson9901]

Put them in jail and fine them. I went to prison for defrauding a bank $400 and these guys get a fine that doesn't even cover what they took.

[@tupacalypse88]

Fuck that says alot

[@floxy20]

So many "investment" instruments for the investor to steer clear of.

[@iamnotnice1536]

To all these company and it's associates has been manipulating the markets for several decades. So what's new!!!!! Wake up to yourself!!!!

[@Shadowsuit]

Great piece

[@matsujarvinen]

These are sick people,and they rule the world.

[@musicmaker99]

7 years? It's a lot longer than that. And it's still going on. If not by JPMC then by others.

[@NicholasVincent-ol1zk]

@enterprisefloridageorgialineaz

[@mattt9187]

JP Morgan: Not to worry, we pass fines along to our retail investors as "fees".

[@samrasoli]

useful, thanks

[@shawnl3151]

Sec moves slow. Banks get rich off the markets then pay sec not victims. Sec gets rich and banks rinse and repeat

[@ReijiMoritsugu]

We're the only idiots here for letting them do whatever they want

[@avantan1980]

Department of Justice should fine double or more if they are repeated offenders, case by case basis won't work here.

[@Rejistania]

They should be forced to stop all trading for a good decade!

[@iampatoshi4537]

THANK YOU

[@adama7752]

So they banned them, right?... Oh wait

[@id10t98]

Jamie DImon was given a harshly worded letter containing several words forming one sentence, a pay raise, more stock options and the right to buy out Washington Mutual. His reputation suffered irreparable harm for all of a few seconds.

[@TheMmiguelito]

Not to mention the COUNTLESS retail investors that lost an infinite amount of money...and ALLLLL due to their manipulation!!! SMMFH F this system!! SMMFH

[@antondovydaitis2261]

Unequal Under The Law.

[@dongshengdi773]

Jamie Daimon should be jailed

[@stevenlouis1024]

Anyone surprised. I'm not, it's JPMORGAN duh. They pay their small penalties while they engulfed in their earnings whilst the workers take the whip and chains

[@redneckrevolt1]

Spoofing markets happens all day every day… time for me to go have a face to face with specifically, the Heads.

[@haplomage]

I bet the traders thrown under the bus got looked after too

[@id10t98]

they spent one night in jail and were released otor. but it was a tough night. look at what happened to Winthorp.

[@haplomage]

@@id10t98 I'm not surprised. Just disappointed

[@dsg148]

@@id10t98 in Philadelphia it's worth fifty bucks

[@id10t98]

@@dsg148 Hey! Bo Diddley! Diddley!

[@edwardgreer491]

So they paid a fine to who and what did they do with the money return it to investors? Like you guys said it was their cut of the profits. This went on for seven years? So who’s minding the store? Or where they the lookout?

[@tedpert8786]

Made billions just pay a fine in millions do the math!

[@franklombardisr7774]

Why is jpm stock pilling silver ,I mean tons of it,because they know the price will take off.

[@tonyk2118]

Just lock Jamie Diamond up and throw away the keys

[@suarasemesta]

bank are exist to make money out of you, not the way around

[@kimwahchueng5291]

Shows capitalism runs on fallacy & greediness

[@aspiritagodafaceaname545]

Definately they will never stop ..

[@dansplain2393]

Where does the fine cash go?

[@snowman2834]

Take 30% of previously reported revenue, when fines get so big they threaten to crush the institution, it will stop

[@00SingleSeven]

No prison time? I hope they get to take all that money when their times up on earth

[@UnofficialClipper]

Probably taught the interns how to spoof and stuff as well.

[@Leosarebetter]

Fines must be a % of net profits, in these cases multi billions, say 45% of net, that would do it.

[@tangerineunicorn793]

The next generation won’t even have heard of JP Morgan

[@joeennis2571]

Jail time is the only way to stop this maybe 20 years maybe more

[@ADobbin1]

These big banks have only two rules. Make tons of money and dont get caught.

[@Elisângela8968]

Guys where is candice?

[@jeredharris1143]

Who???

[@danb1618]

Yes, who???

[@rileychu4489]

candice owens? lol

[@Elisângela8968]

@@rileychu4489 no can you feel deez nuts?

[@jessekauffman3336]

If they continue to do illegal activity then they should be shut down

[@Trizzer89]

I don't really care. I only judge trades that go through

[@caleb7799]

gotta work on the production of the videos... get you a real mic with base and increase the background music ever so slightly

[@kingbobb8389]

Anyone else see HKD fly up to 2500?👀

[@darlantro]

The expectation is Nowak will take the fall. There are an additional 7 unindicted co-conspirators that have not been identified by the prosecution, and are likely all putting it on Nowak. So one guy might be going to prison at least.

[@meimiaolin2581]

The US Dept of Justice is just a licensing authority i.e. banks pay a fine and the criminal activity continues.

[@randyb3347]

Hahaha. The bankster got bankstered, Frank-ly speaking....:)

[@richardzippler3330]

The law has no meaning ignore it.

[@scholarlyreader383]

The whole market is manipulated. By lying the rug and pulling the rug. Big money$ makes it possible.

[@Genesis8629]

yes

[@tedpert8786]

Did anyone go to jail?no!so what’s the point!

[@asdf0747]

despite all of this, Jamie Dimon is still the CEO of JPM & Chase

[@tedpert8786]

Jail for ten years for first timers a second time impale the perpetrator!Dimon on the firing squad!

[@dbspecials1200]

Fines are just fine, but imagine if they were caught doing things like this on the Ivory Coast or in the Sudan. they would be chopped up into pieces. they don't restrain their prisoners because to prevent them from fleeing they just slice off the soles of their feet. so enjoy the good 'ol USA folks. you don't need to know anything else about what you're missing out there, I'm sure all that was sufficient.

[@TheLarz1013]

Freeze and seize all assets

[@muhammadbaig7717]

Pretty much dark cloud orders

[@ernestburelle2035]

the rigging is still going on today

[@haroon420]

They should charge the head of IT. The traders did not make this algorithms. Just like you can charge the makers of trap boxes in smuggling operations for assisting in a known criminal enterprise

[@codycast]

I say let them all do this. They’re not hurting INVESTORS. This is just traders trying to game each other. If you’re investing in a company for any period of time, this won’t effect you.

[@aj9969]

It hurt the silver investors who saw metals prices stagnate from 2011 to 2018.. it also crushed the silver mining industry, and many jobs were lost..

[@stjojokaras9363]

Market manipulation is kind of inevitable. If I were able to do that, I would do that, too. O, forgive me, Lord.

[@erikabarragan4029]

dirty.. i have never seen a dime any of it..

[@mundrakeshav22]

London Whale scam?

[@NicholasVincent-ol1zk]

What about $1billion dollar drug export import BOSTON.

[@InfoHubZA]

A bit of echo

[@JMa-cg1ks]

Made in the West.

[@marcusbirdman]

We see this everyday in forex

[@lamarjlp914]

They should be banned from all capital markets.

[@tedpert8786]

HSBC THE DRUG DEALER OF THE WORLD!

[@lilyn4982]

Is that Donald Trump on your logo??

[@timeistruevalue]

Long J.P morgan

[@DanielDilemma]

AMC too the moon 📈