Daily Archives: 09/17/2020

Deutsche Bank Gold Manipulator: “Spoofing Was So Commonplace I Figured It Was OK”

We first brought you the fascinating story of Deutsche Bank’s gold spoofer David Liew back in June 2017, when we revealed that the former precious metals-trader turned government star informant was responsible for busting a massive ring of gold manipulators that resulted in numerous arrests and multi-million penalties paid by banks including Deutsche Bank, UBS and HSBC. For those who need a refresher read “Deutsche Bank Trader Admits To Rigging Precious Metals Markets” in which we showed such internal chat board excerpts as the following:

And of course this:

Fast forward to today, when the Former Deutsche Bank analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years.