Justice Dept.: Former Wall Street Precious Metal Traders Sentenced for Wire Fraud
March 09, 2023
March 09, 2023
WASHINGTON, March 9 -- The U.S. Department of Justice issued the following news release:
Two former Wall Street traders were each sentenced today to one year and one day in prison for engaging in a multi-year fraud scheme to manipulate U.S. commodities markets for publicly traded precious metals futures contracts.
According to court documents, Edward Bases, 61, of New Canaan, Connecticut, a former senior trader employed at Deutsche Bank and Bank of America in New York, . . .
Two former Wall Street traders were each sentenced today to one year and one day in prison for engaging in a multi-year fraud scheme to manipulate U.S. commodities markets for publicly traded precious metals futures contracts.
According to court documents, Edward Bases, 61, of New Canaan, Connecticut, a former senior trader employed at Deutsche Bank and Bank of America in New York, . . .