>>7358480

tyb

>>7358697

>Chairman Graham, it's time.

Do it!!!!!

>>7358777

trips confirm

Ex-JPMorgan Trader Convicted for Helping Rig Currency Market

A former JPMorgan Chase & Co. banker was convicted of conspiring with traders at other banks to rig bids and fix prices in currency markets – a victory for prosecutors in their campaign against collusion in foreign exchange.

A federal jury in New York on Wednesday took less than four hours to find Akshay Aiyer guilty of a single count of conspiracy to violate antitrust laws, following a trial that lasted more than two weeks.

He’s the second person to be convicted in a crackdown on dubious practices used by currency traders and faces as long as a decade in prison and a $1 million fine when he is sentenced on April 3.

Prosecutors had relied on testimony from two alleged conspirators, former Citigroup trader Christopher Cummins and ex-Barclays banker Jason Katz, who pleaded guilty and agreed to cooperate with prosecutors. Cummins and Katz testified that the traders plotted in chat rooms, on the phone and at social gatherings to rig trades while leading customers to believe that they were actually competing with each other.

“This conviction serves as a reminder of our commitment to hold individuals responsible for their involvement in complex financial schemes which violate the integrity of the global financial markets,” Assistant Attorney General Makan Delrahim of the Justice Department’s Antitrust Division said in a statement. Aiyer and his lawyers declined to comment after the verdict.

The conviction shows that antitrust prosecutors can successfully pursue currency-market cases despite previous acquittals, said Philip A. Giordano, a partner with Hughes Hubbard & Reed LLP and a former prosecutor in the Justice Department’s Antitrust Division.

The verdict also underscores the importance of the role that victims play in these types of trials, as the government called representatives of asset management firms who testified that they were harmed by the traders’ collusion, he said.

“That helps to put the other evidence, the evidence from the co-conspirators, in perspective,” Giordano said. “It shows that the alleged conduct did not occur in a vacuum. The conduct is less susceptible to interpretation when it is connected to a negative impact on a customer. It makes it easier for the jurors to accept the prosecutors’ assessment of the facts.”

rest at link

https://www.bloomberg.com//news/articles/2019-11-20/ex-jpmorgan-trader-guilty-of-conspiring-to-rig-currency-markets

this has to have the rest of the system sweating as a successful conviction in any of these cases has been a long time coming.

California Can't Force Trump To Release Tax Returns, State Supreme Court Rules

President Trump does not have to release his tax returns to get on California’s 202 primary ballot, the California Supreme Court unanimously ruled Thursday.

The ruling invalidated a new state law passed earlier this year requiring presidential and gubernatorial candidates to release five years of tax returns to qualify for the California primary ballot.

The seven-judge panel said under California’s constitution, the state must hold an “open presidential primary” where all candidates on the ballot are viewed as “recognized candidates’ throughout the state or nation.

“It is the voters who must decide whether the refusal of a ‘recognized candidate throughout California for the office of the President of the United States’ to make such information available to the public will have consequences at the ballot box,” the panel concluded.

Jessica Patterson, chairwoman of the California Republican Party, had sued California Secretary of State Alex Padilla over the law.

Attorneys for the Republicans said the law, which was signed in July by Gov. Gavin Newsmen, would discourage potential candidates from running for office. That would run counter to the California constitutional mandate for an “open” primary.

The state had argued the law merely added a routine administrative step to qualifying for the primary. They also argued voters had a right to know whether a candidate was involved in any financial shenanigans.

The ruling comes mere days before the Nov. 26 deadline for candidates to submit their tax returns to Mr. Padilla in order to qualify for next spring’s primary.

The California Supreme Court ruling is unappealable and handed Mr. Trump a rare victory in the legal battle over his tax returns.

Earlier this month, a federal appeals court ruled House Democrats can demand eight years of tax returns from Mr. Trump.

Separately, a different appeals court rejected an effort by the president to stop Manhattan District Attorney Cyrus A. Vance from subpoenaing Mr. Trump’s accounting firm, Marzas USA.

https://www.washingtontimes.com/news/2019/nov/21/california-supreme-court-rules-state-cant-force-tr/