Silver bullion banks accused of manipulation in U.S. lawsuit
By GCRU Gold News on Saturday, July 26 2014, 04:07 - Permalink
Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in the multi-billion dollar market in a lawsuit filed on Friday.
The lawsuit was filed in a New York district court by J. Scott Nicholson, a resident of Washington DC and alleges that the banks, which oversee the century-old silver fix, manipulated the physical and COMEX futures market since January 2007.
Nicholson is seeking class-action status for the lawsuit, which was registered in the Southern District of New York.