October 2024 - cypherpunks - lists.cpunks.org

Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson)
by Gunnar Larson 07 Oct '24

07 Oct '24

Amy: Thank you for your email. xNY.io - Bank.org, PBC is the company name. 406 West 25th Street, 1RE, New York, New York. Please find xNY.io - Bank.org, PBC's bylaws attached: https://drive.google.com/file/d/1Rnauavb9urg8UdWgffQXUyy_XFmapjME/view?usp=… Thank you, Gunnar -- Gunnar Larson xNY.io - Bank.org 917-580-8053 On Wed, Jul 10, 2024, 9:47 AM Amy Wright <awright(a)omnibridgeway.com> wrote: > Hi Gunnar, > > > > Great, thank you so much. Would you kindly provide the primary business > address and full legal entity name of xNY.io - Bank.org for NDA purporses? > We can proceed with next steps from there. > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Tuesday, July 9, 2024 5:47 PM > *To:* Amy Wright <awright(a)omnibridgeway.com> > *Cc:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > *EXTERNAL MESSAGE: This message has originated from outside the > organisation.* > ------------------------------ > > Dear Amy: > > > > Yes, thank you for following up. > > > > xNY.io - Bank.org is still interested. > > > > Gunnar > > > > On Tue, Jul 9, 2024, 10:38 AM Amy Wright <awright(a)omnibridgeway.com> > wrote: > > Hi Gunnar, > > > > I’m following up on the below – are you still interested in litigation > funding? Please advise. > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Amy Wright <awright(a)omnibridgeway.com> > *Sent:* Thursday, June 20, 2024 10:55 AM > *To:* Gunnar Larson <g(a)xny.io> > *Cc:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* RE: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > Hi Gunnar, > > > > Thank you for reaching back out to us. We like to have an NDA in place > prior to intake calls – would you kindly provide the primary business > address and full legal entity name of xNY.io - Bank.org for NDA purporses? > > > > Thank you again. > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Thursday, June 20, 2024 12:39 AM > *To:* Amy Wright <awright(a)omnibridgeway.com> > *Cc:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > *EXTERNAL MESSAGE: This message has originated from outside the > organisation.* > ------------------------------ > > Dear Amy: > > > > xNY.io - Bank.org would like to revisit this conversation with a 5M third > party funding agreement, resulting 50M in derrived proceeds. > > > > May we organize a time to speak with Omni Bridgeway more about this? > > > > Thank you, > > > > Gunnar > > -- > > > > Gunnar Larson > > > > xNY.io | Bank.org > > > > MSc - Digital Currency > > > > MBA - Entrepreneurship and Innovation (ip) > > > > > > > > G(a)xNY.io > > > > +1-917-580-8053 > > > > New York, New York 10001 > > > > On Fri, May 31, 2024, 1:52 AM Gunnar Larson <g(a)xny.io> wrote: > > Dear Amy: > > > > Thank you for your reply. > > > > xNY.io - Bank.org will keep in touch with Omni Bridgeway in the event > something changes in the future. > > > > Have a great weekend! > > > > Thank you, > > > > Gunnar > > -- > > > > Gunnar Larson > > > > xNY.io | Bank.org > > > > MSc - Digital Currency > > > > MBA - Entrepreneurship and Innovation (ip) > > > > > > > > G(a)xNY.io > > > > +1-917-580-8053 > > > > New York, New York 10001 > > > > On Thu, May 30, 2024, 10:37 AM Amy Wright <awright(a)omnibridgeway.com> > wrote: > > Hi Gunnar, > > > > Thank you very much. An investment of $10M in a case with $50M in damages > does fall outside our funding parameters, however. We are looking for $10M > in eventual proceeds for every $1M we invest. We wish you the best of luck > in this matter. > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Wednesday, May 29, 2024 5:55 PM > *To:* Amy Wright <awright(a)omnibridgeway.com> > *Cc:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > *EXTERNAL MESSAGE: This message has originated from outside the > organisation.* > ------------------------------ > > Amy: > > > > Yes. > > > > Thank you, > > > > Gunnar > > > > On Wed, May 29, 2024, 2:17 PM Amy Wright <awright(a)omnibridgeway.com> > wrote: > > Hi Gunnar, > > > > My apologies, I need some additional clarification. You’re seeking $10M in > funding, with eventual damages totaling in the range of $50M, correct? > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Wednesday, May 29, 2024 3:52 AM > *To:* Amy Wright <awright(a)omnibridgeway.com> > *Cc:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > *EXTERNAL MESSAGE: This message has originated from outside the > organisation.* > ------------------------------ > > Dear Amy: > > > > We are looking for $10M in advanced mediation funding for a $50M > compliance failure claim. > > > > Attached (along with links below), you will find two outlines that provide > an overview of the matter: > > > > xNY.io White Paper: > https://docs.google.com/document/d/1aeK8X8-2KDZ8tQPN5ksaUCXcxH9tbjexsUbW1ol… > > > > Bank.org DOJ Notice of Intent: > https://docs.google.com/document/d/1ajVVx6NGB9wd2GDXfLRftf0RVFpqjl8WWITvdNV… > > > > As a co-founder at xNY.io - Bank.org, I had also been a litigation finance > journalist at LitigationFinanceJournal.com. I hoping to assess if xNY.io - > Bank.org could explore working with Omni Bridgeway considering the > potential conflicts described by the NY Post here: > > > > > https://nypost.com/2024/05/12/us-news/groups-call-for-investigation-into-ny… > > > > > https://nypost.com/2024/05/14/us-news/nypd-fdny-teachers-and-nyc-worker-pen… > > > > Looking forward to learning your thoughts. > > > > Thank you, > > > > Gunnar > > -- > > > > Gunnar Larson > > > > > > > > xNY.io | Bank.org > > > > > > > > MSc - Digital Currency > > > > MBA - Entrepreneurship and Innovation (ip) > > > > > > > > G(a)xNY.io > > > > +1-917-580-8053 > > > > New York, New York 10001 > > > > > > On Tue, May 28, 2024, 2:27 PM Amy Wright <awright(a)omnibridgeway.com> > wrote: > > Hi Gunnar, > > > > Is this the legal matter you were referring to in your initial inquiry > below? If so, would you kindly let us know how much you are seeking in > funding and what you anticipate your eventual damages will be? If not, > could you give us more information on what this Australia project is? Thank > you! > > > > Best, > > > > *Amy Wright * > *Operations Analyst* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 646 677 4543 > *E *awright(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Gunnar Larson <g(a)xny.io> > *Sent:* Tuesday, May 28, 2024 1:35 AM > *To:* OA Group – US <oa-group-us(a)omniBridgeway.com> > *Subject:* Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > > > > *EXTERNAL MESSAGE: This message has originated from outside the > organisation.* > ------------------------------ > > Dear Omni Bridgeway: > > > > xNY.io - Bank.org is kindly following up with you concerning the > message below. > > > > We have a project in Australia emerging, and xNY.io - Bank.org would like > to consult with Omni Bridgeway on potential third part investment > opportunities. > > > > Thank you, > > > > Gunnar > > -- > > Gunnar Larson > > > > xNY.io | Bank.org > > > > MSc - Digital Currency > > MBA - Entrepreneurship and Innovation (ip) > > > > G(a)xNY.io > > +1-917-580-8053 > > New York, New York 10001 > > > > On Thu, Apr 11, 2024, 9:21 AM Gunnar Larson <g(a)xny.io> wrote: > > > > ---------- Forwarded message --------- > From: *Gunnar Larson* <g(a)xny.io> > Date: Thu, Apr 11, 2024, 6:18 AM > Subject: Re: Funding Enquiry From Omnibridgeway.com - US (Gunnar Larson) > To: Tina Young <tyoung(a)omnibridgeway.com> > Cc: Ellyse Morris <EMorris(a)omnibridgeway.com>, Funding Request US - WEB < > funding_request_us(a)omnibridgeway.com> > > > > Ms. Young: > > > > I was wondering if Omni Bridgeway is currently accepting litigation > investment for review consideration. > > > > If so, xNY.io - Bank.org would like to see if there is an opportunity to > work with Omni Bridgeway on our legal finance portfolio. > > > > Looking forward to learning your thoughts. > > > > Thank you, > > > > Gunnar > > > > -- > > Gunnar Larson > > > > xNY.io | Bank.org > > > > MSc - Digital Currency > > MBA - Entrepreneurship and Innovation (ip) > > > > G(a)xNY.io > > +1-917-580-8053 > > New York, New York 10001 > > > > On Mon, May 1, 2023, 9:35 AM Gunnar Larson <g(a)xny.io> wrote: > > Dear Ms. Young: > > > > Yes, thank you for reaching out. > > > > I will fill out the form and send it back to you. > > > > Have a great day. > > > > Thank you, > > > > Gunnar > > > > Gunnar Larson > > xNY.io - Bank.org > > 917-580-8053 > > > > On Sat, Apr 29, 2023, 1:54 PM Tina Young <tyoung(a)omnibridgeway.com> wrote: > > Hi Gunnar, > > We are just circling back on the below to see if you are still interested > in litigation funding. If yes, would you kindly answer the questions > listed below and we will action accordingly. > > > > Best, > > > > *Tina Young * > *Chief Administrative Officer - US* > > OMNI BRIDGEWAY > > 437 Madison Avenue, 36th Floor, New York, NY 10022 > <https://www.google.com/maps/search/437+Madison+Avenue,+36th+Floor,+New+York…> > *T* +1 212 488 5331* D* +1 347 767 2059* C* +1 516 238 9867 > *E *tyoung(a)omnibridgeway.com > * www.omnibridgeway.com <https://www.omnibridgeway.com/>* > > Follow us on LinkedIn > <https://www.linkedin.com/company/omni-bridgeway-holding-b-v-/> and > Twitter <https://twitter.com/OmniBridgeway> > > *Disclaimer:* The contents of this email and any attachments are > confidential to the intended recipient. They may not be disclosed to or > used by or copied in any way by anyone other than the intended recipient. > If you have received this email in error, please advise the sender > immediately by return email or telephone and delete it. We do not, by > ourselves or any other person, waive any privilege that may exist in the > contents of this email or any embodied emails, materials and attachments. > It is your responsibility to scan this communication and any files attached > for computer viruses and other defects. Omni Bridgeway does not accept > liability for any loss or damage however caused which may result from this > communication or any files attached. This email may contain personal views > of the sender not authorised by us. Protecting your personal data is of > importance to us. We process the personal data that concern you only to the > extent permissible by law. For details on how we process personal data, > please see our privacy policy here. > <https://omnibridgeway.com/website-policies/privacy-policy> > > *From:* Ellyse Morris <EMorris(a)omniBridgeway.com> > *Sent:* Friday, March 10, 2023 2:36 PM > *To:* G(a)xny.io > *Cc:* Funding Request US - WEB <funding_request_us(a)omnibridgeway.com> > *Subject:* RE: Funding Enquiry From Omnibridgeway.com - US (Gunnar > Larson) > > > > Hi Gunnar, > > > > Thank you for reaching out again to Omni Bridgeway (formerly known as > Bentham IMF). As you may already be aware, we are *Commercial Litigation* Funders, > and our minimum investment threshold is $1MM with an anticipated judgement > in excess of $10MM. You can read more about our funding overview, (attached > hereto) and our investment criteria by clicking here > <https://omnibridgeway.com/litigation-funding/litigation-financing/commercial> > . > > > > If your matter meets our investment criteria, please answer the following: > > > > - What is the Legal Entity name and primary address of the claimant > for NDA purposes? > - How much funding do you require? > - What is a conservative estimate of the anticipated damages? > - Have you hired counsel? > > > - If yes, which law firm? > - What is/are the attorney(s) names? > > > - Have you already filed your claim? > > > - If yes, in which jurisdiction? > > > > We look forward to hearing from you. > > > > Thank you and regards, > > > > > > *Ellyse Morris * > *Operations Analyst* > > OMNI BRIDGEWAY > > 1221 McKinney Street, Suite 2860, Houston, TX 77010 > <https://www.google.com/maps/search/1221+McKinney+Street,+Suite+2860,+Housto…> > *T* +1 832 525 7689* D* +1 832 525 7689 > *E *emorris(a)omnibridgeway.com > > *www.omnibridgeway.com* <https://www.omnibridgeway.com/> > > > > *From:* noreply(a)omnibridgeway.com <noreply(a)omnibridgeway.com> > *Sent:* Friday, March 10, 2023 9:08 AM > *To:* Funding Request US - WEB <funding_request_us(a)omnibridgeway.com>; > noreply(a)omnibridgeway.com > *Subject:* Funding Enquiry From Omnibridgeway.com - United States > > > > Website Enquiry > > *First name:* > Gunnar > > *Last name:* > Larson > > *Email address:* > G(a)xny.io > > *Phone number:* > 9175808053 > > *Message:* > Hello: My name is Gunnar Larson and I am a co-founder at xNY.io - > Bank.org. We are looking to explore a market manipulation claim in New York > State that has been direclty disenfranchiseing our enterprise. The State of > New York and Department of Justice are aware of xNY.io - Bank.org's > concerns. We would like to discuss the potential of litigation investment > with Omni Bridgeway. Warm regards, Gunnar Larson > > > > > > > > > > > >

1 0

A Bank Regulator Provides a Frightening Look at the Trading Casino Jamie Dimon Has Built Inside His Federally-Insured Bank
by Gunnar Larson 07 Oct '24

07 Oct '24

https://wallstreetonparade.com/2024/10/a-bank-regulator-provides-a-frighten… By Pam Martens and Russ Martens: October 7, 2024 ~ Jamie Dimon Sits in Front of Trading Monitor in his Office (Source -- 60 Minutes Interview, November 10, 2019) Jamie Dimon Sits in Front of Trading Monitor in his Office (Source: 60 Minutes Interview, November 10, 2019) On September 24, the Office of the Comptroller of the Currency (OCC) released its Quarterly Report on Bank Trading and Derivatives Activities for the second quarter of this year. The OCC is the federal regulator of banks that operate across state lines, which are known as “national banks.” The shorthand for this report should be the “Casino Report.” Increasingly, the report showcases how much dangerous trading activity the brokerage firms on Wall Street have been able to muscle into their federally-insured banking units where the deposits of millions of average Americans reside. Since the repeal of the Glass-Steagall Act in 1999 under the Bill Clinton administration, Wall Street trading firms have been allowed to combine with federally-insured banks – creating an endless series of crises and bailouts. No bank has been able to blur the lines between a trading casino and a federally-insured bank more aggressively than JPMorgan Chase – and get away with it under the nose of its federal bank regulators. (See Related Articles below.) Almost all of this transformation has occurred with Jamie Dimon sitting at the helm of the bank as Chairman and CEO. According to the FDIC, as of June 30 there were a total of 4,539 federally-insured commercial banks and savings associations in the U.S. According to Table 19 located in the Appendix of the current OCC report (see partial section below), all commercial banks and savings associations in the U.S. which held derivatives as of June 30, 2024 had trading revenues totaling $15.848 billion. Of that sum, JPMorgan Chase Bank NA represented $6.9 billion or 44 percent. Even more striking, JPMorgan Chase Bank’s equity trading revenues (stock trading) inside its federally-insured bank came in at $3.5 billion of the total $5.5 billion in stock trading at all banks and savings associations, or a whopping 64 percent of the total. The Securities and Exchange Commission (SEC), whose job it is to provide regulatory oversight of stock trading in the U.S., is not allowed to peek inside federally-insured banks to see what is going on with stock trading. This appears to be a feature, not a bug, of the megabanks’ refashioning of the landscape of Wall Street. Of equal concern, as we reported recently, federally-insured banks are not allowed to employ licensed traders. According to the Wall Street self-regulator, FINRA, only broker-dealers are allowed to employ licensed traders and only licensed supervisors are allowed to oversee this trading. (For what happens when trader licensing rules are subverted, see our report: Jamie Dimon’s Top Women and Their Missing Licenses.) JPMorgan Chase Bank NA also appears to have a stranglehold on trading gold and silver contracts inside its bank. Table 21 in the latest OCC report shows that all commercial banks, savings associations and trust companies with derivatives account for $483 billion in precious metals contracts. Of that sum, JPMorgan Chase Bank NA holds $281.7 billion, or 58 percent. Precious Metals Trading Inside Commercial Banks, Second Quarter 2024 That concentration of activity by one bank in precious metals is being tolerated by federal regulators despite the fact that the U.S. Justice Department criminally charged JPMorgan Chase just four years ago with engaging in “tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts….” The bank admitted to the charges. According to the Justice Department, the rigging occurred for more than eight years, from March of 2008 to August of 2016. The Justice Department wrote that traders at JPMorgan Chase: “…knowingly and intentionally placed orders to buy and sell precious metals futures contracts with the intent to cancel those orders before execution (‘Deceptive PM [Precious Metals] Orders’), including in an attempt to profit by deceiving other market participants through false and fraudulent pretenses and representations concerning the existence of genuine supply and demand for precious metals futures contracts. By placing Deceptive PM Orders, the Subject PM Traders intended to inject false and misleading information about the genuine supply and demand for precious metals futures contracts into the markets, and to deceive other participants in those markets into believing something untrue, namely that the visible order book accurately reflected market-based forces of supply and demand. This false and misleading information was intended to, and at times did, trick other market participants, including competitor financial institutions and proprietary traders, into reacting to the apparent change and imbalance in supply and demand by buying and selling precious metals futures contracts at quantities, prices, and times that they otherwise likely would not have traded.” Related Articles: After JPMorgan Threatens to Sue, the Fed Cuts Its Capital Requirement on the 5-Count Felon from a Planned 25 Percent Hike to Less than 8 Percent JPMorgan’s Federally-Insured Bank Is Fined $348 Million for Losing Track of “Billions” of Trades Five-Count Felon JPMorgan Chase Gets Hit with Another Federal Fine for 40 Million Derivative Violations; Pays 37 1/2 Cents Per Violation

1 0

Justices Accept Ex-Chicago Alderman's False Statement Case
by Gunnar Larson 07 Oct '24

07 Oct '24

Justices Accept Ex-Chicago Alderman's False Statement Case <https://www.law360.com/compliance/articles/1886966?nl_pk=ab5ce197-c1fb-4d8e…> By Celeste Bott The U.S. Supreme Court said Friday that it would review the conviction of an ex-Burke Warren MacKay & Serritella PC attorney and former Chicago alderman under a federal statute that prohibits making false statements to influence certain financial institutions. 2 documents attached | Read full article » <https://www.law360.com/compliance/articles/1886966?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1886966?nl_pk=ab5ce197-c1fb-4d8e…>

1 0

John Deere Penalty Shows Importance Of M&A Due Diligence
by Gunnar Larson 07 Oct '24

07 Oct '24

John Deere Penalty Shows Importance Of M&A Due Diligence <https://www.law360.com/governmentcontracts/articles/1884788?nl_pk=4126fe73-…> The U.S. Securities and Exchange Commission's recent $10 million penalty against John Deere underscores the risks of not conducting robust preacquisition due diligence and not effectively integrating a new subsidiary into the existing compliance framework, say attorneys at Ropes & Gray. Order attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1884788?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1884788?nl_pk=4126fe73-…>

1 0

Bid Protest Spotlight: Debriefings, Timeliness, Documentation
by Gunnar Larson 07 Oct '24

07 Oct '24

Bid Protest Spotlight: Debriefings, Timeliness, Documentation <https://www.law360.com/governmentcontracts/articles/1886427?nl_pk=4126fe73-…> James Tucker at MoFo examines three recent decisions from the Federal Circuit, the U.S. Government Accountability Office and the U.S. Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests. 3 documents attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1886427?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1886427?nl_pk=4126fe73-…>

1 0

Navy Identifies Faulty Welds On 3 In-Service Vessels
by Gunnar Larson 07 Oct '24

07 Oct '24

Navy Identifies Faulty Welds On 3 In-Service Vessels <https://www.law360.com/governmentcontracts/articles/1886875?nl_pk=4126fe73-…> By Daniel Wilson The U.S. Navy told lawmakers it has identified three in-service vessels with faulty welds after contractor Newport News Shipbuilding raised concerns about potentially deliberate problems with ships built or repaired at its shipyard, but said there were no related safety concerns. 2 documents attached | Read full article » <https://www.law360.com/governmentcontracts/articles/1886875?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1886875?nl_pk=4126fe73-…>

1 0

Justices Take Up Fight Over $1.3B Failed Satellite Deal
by Gunnar Larson 07 Oct '24

07 Oct '24

Justices Take Up Fight Over $1.3B Failed Satellite Deal <https://www.law360.com/governmentcontracts/articles/1886853?nl_pk=4126fe73-…> By Caroline Simson The U.S. Supreme Court agreed Friday to hear a pair of cases asking it to clarify the analysis of a highly technical jurisdictional question, as shareholders of an Indian satellite communications company look to enforce a $1.3 billion arbitral award against a state-owned division of India's space agency. Read full article » <https://www.law360.com/governmentcontracts/articles/1886853?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1886853?nl_pk=4126fe73-…>

1 0

There May Not Be Life On Mars, But There Could Be IP
by Gunnar Larson 07 Oct '24

07 Oct '24

There May Not Be Life On Mars, But There Could Be IP <https://www.law360.com/governmentcontracts/articles/1884784?nl_pk=4126fe73-…> By Chris Villani The rapidly expanding space tourism industry is raising a vast universe of potential intellectual property issues. Experts say most of the laws governing extraterrestrial IP are as unexplored as space itself. Read full article » <https://www.law360.com/governmentcontracts/articles/1884784?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1884784?nl_pk=4126fe73-…>

1 0

IBM Plans To Quit London Market To Focus On NY Listing
by Gunnar Larson 07 Oct '24

07 Oct '24

IBM Plans To Quit London Market To Focus On NY Listing <https://www.law360.com/capitalmarkets/articles/1886768?nl_pk=abe82add-2a33-…> By Tom Fish Technology giant IBM said on Friday that it intends to exit the London Stock Exchange, to concentrate its trading in the U.S. and streamline its administration. Read full article » <https://www.law360.com/capitalmarkets/articles/1886768?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1886768?nl_pk=abe82add-2a33-…>

1 0

Trump Media SPAC Dropped From $20M Insider-Trading Suit
by Gunnar Larson 07 Oct '24

07 Oct '24

Trump Media SPAC Dropped From $20M Insider-Trading Suit <https://www.law360.com/newyork/articles/1887042?nl_pk=ac5a3855-e47c-4403-be…> By David Minsky A Florida federal judge dismissed a special purpose acquisition company from a shareholder complaint alleging a board member and investor made nearly $20 million from insider trading following news of a merger with Donald Trump's social media website, saying the SPAC isn't a necessary party to the lawsuit. Order attached | Read full article » <https://www.law360.com/newyork/articles/1887042?nl_pk=ac5a3855-e47c-4403-be…> | Save to favorites » <https://www.law360.com/newyork/articles/1887042?nl_pk=ac5a3855-e47c-4403-be…>

1 0