JPMORGAN CHASE/HSBC | MANIPULATING SILVER MARKETS
Before being accused in one of the largest market manipulation cases, JPMorgan Chase and HSBC controlled almost ninety percent of the silver market. This means manipulating the prices was quite easy for the financial services leader. The whole thing was exposed in 2008 when several JPMorgan Chase & Co employees were investigated for allegedly making billions by making up rumors that silver prices would decrease in order to rig the precious metals market. The court dismissed the suit in 2013.
