Monday, December 1, 2014

Goldman Sachs joins three other major in banks in lawsuit tied to metals manipulation

The price rigging and manipulations just keep on coming in the Western financial system as a new lawsuit filed against Goldman Sachs, HSBC, and two other major banks accusing the institutions of wide-spread price fixing in Platinum and Palladium over a sever year period has been filed in Federal court this week.
The lawsuit filed in a court in Manhattan was done by Modern Settings LLC, a Florida-based maker of jewelry and police badges, and brings a to a judge a case where losses incurred to both businesses and customers equates to millions of dollars in over-pricing tied directly to commodity broker manipulation.


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