By Gregory Meyer and Jack Farchy
Financial Times, London
Tuesday, October 26, 2010
http://www.ft.com/cms/s/0/3f5faf38-e125-11df-90b7-00144feabdc0.html
A senior US commodities regulator has alleged fraud in silver trading more than two years after investigators began a probe into the market.
Bart Chilton, commissioner at the Commodity Futures Trading Commission, said "members of the public" and "publicly available documents" convinced him the silver markets are tainted by violations of federal commodities law.
"I do believe that there have been repeated attempts to influence prices in the silver markets," Mr Chilton said on Tuesday at a meeting in Washington. "There have been fraudulent efforts to persuade and what I consider deviously control that price."
The CFTC, the US watchdog, in September 2008 disclosed that it was investigating misconduct in the silver market. The announcement followed complaints by small investors that silver prices were artificially suppressed.....read on
Link to Bart Chilton's press release
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