RICO Charges filed in NY(Racketeering Influenced and Corrupt Organizations )

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RICO Charges filed in NY(Racketeering Influenced and Corrupt Organizations )

posted on Nov 04, 2010 01:38AM

Banks alleged to have used naked short-selling to rig market

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NEW YORK, Nov. 3, 2010 /PRNewswire/ -- JP Morgan Chase & Co. (NYSE: JPM) and HSBC Securities Inc. (NYSE: HBC) face charges of manipulating the market for silver futures and options in violation of federal commodities and racketeering laws, according to a new lawsuit filed Tuesday in the U.S. District Court for the Southern District of New York.

http://www.prnewswire.com/news-releases/hagens-berman-sobol-shapiro-jp-morgan-and-hsbc-face-rico-charges-in-silver-futures-class-action-lawsuit-106624128.html

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