RE:Fake rocks 🪨 owned by JP Morgan warehouseJPM and its ilk are certainly no strangers to metals warehousing/trading. No matter the punishment, they always return to stick their snouts in the trough.
>>>July 23, 2013 - The powerful U.S. Senate Banking committee puts Wall Street’s multibillion-dollar commodity trading operations under the political spotlight during a hearing.
July 24, 2013 - The U.S. Department of Justice starts a preliminary probe into the metals warehousing industry following complaints that storage firms owned by Wall Street banks and major traders have inflated prices.
July 26, 2013 - JPMC announces it is selling its physical commodities business, including Henry Bath.
August 5, 2013 - JPMorgan is named alongside other warehouse owners and the London Metal Exchange in a series of U.S. class action lawsuits alleging anti-competitive behavior in aluminum warehousing.
https://www.reuters.com/article/us-jpmorgan-commodities-henrybath-idUSBRE9AQ04V20131127