WASHINGTON—The former prosecutor who conceived and oversaw the Justice Department’s effort to crack down on market manipulation in commodities and derivatives has resigned and joined the litigation firm Quinn Emanuel Urquhart & Sullivan LLP.
Robert Zink, who left the department July 2, will now represent companies and individuals facing government investigations.tactic known as spoofing . Prosecutors have charged 20 traders with spoofing misconduct and settled criminal cases over spoofing with JPMorgan Chase & Co., Deutsche Bank AG and Bank of America Corp.
Another trial is set to begin Monday in Chicago federal court against two former Bank of America traders, Edward Bases and John Pacilio. The two are accused of spoofing precious-metals futures on exchanges operated by CME Group Inc. The trial, which could last three weeks, will involve debates over trading charts that purport to show the spoofing, as well as testimony from traders and expert witnesses interpreting whether the conduct was manipulative. Messrs.
🤮 TheEconomist loves this kind of poem-corruption. MarketManipulators working for Big banks should tell you something about who is really behind these unlawful tactics, right?
So, now we know what his price is.
This is how govt works no integrity.
Does anybody other than SenSanders have standards in the US?