Andrew Maguire exposes systemic fraud by CFTC and JP Morgan

Andrew Maguire exposes the largest financial fraud in human history (except for the Federal Reserve) and is almost killed in car crash shortly thereafter. JP Morgan is manipulating the market, and for every 100 ounces of silver and gold held in paper or electronically, there is only 1 ounce in the vault.

Andrew McGuire, whistle-blower on market manipulation, injured in hit-and-run accident

On March 25th at the CFTC Public Hearing on Precious Metals GATA made a dramatic revelation of a whistleblower source, Andrew Maguire, who has first hand evidence of gold and silver market manipulation by JPMorganChase and who has even tipped off the CFTC in advance of manipulative attacks on gold and silver. Just as in the Madoff case the regulator has done nothing to stop such manipulation.

On March 26th while out shopping with his wife, Mr. Maguire’s car was hit by a car careening out of a side road. The driver of the vehicle then tried to escape. When a pedestrian eye-witness attempted to block the driver’s escape he accelerated at him and would have hit him had the pedestrian not jumped out of the way. The car then hit two other cars in escaping. The driver was apprehended by the police after police helicopters were called in and following a high speed chase. (SOTT.net)

Here is the GATA article:

A London trader walks the CFTC through a silver manipulation in advance

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee

to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days’ warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC’s Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated. READ MORE…

4 Responses

  1. About 4,000 years ago, humans began to replace barter and trade of goods and services, by accepting coins made of precious metals, which were only valuable because they were rare. A few centuries ago, coins began to be replaced by paper money, which has no intrinsic value at all, and was not rare. During the latter years of the 20th Century, people began to replace paper money with credit cards and other electronic financial transactions. Humans have discovered that it is possible to do business without precious metals.
    bigkoala@verizon.net

    • This is an ignorant comment, and one that only a banker would make. I would rather have a precious metal that is rare and limited back up a currency, rather than a banker dictating how much money we can have. I don’t trust the bankers, do you?

  2. Speak Truth 2 Power editors: keep this story alive and let us know where this is going — this is too big to let slide into obscurity.

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