JPMorgan Precious Metals Probe Expands as Another Is Charged
Photographer: Scott Eells/Bloomberg
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Another JPMorgan Chase & Co. official was charged in the U.S. probe of the bank’s precious metals trading operation.
Jeffrey Ruffo, a former JPMorgan executive director on the metals desk in New York who specialized in hedge fund sales, was charged with fraud conspiracy and racketeering conspiracy, according to a superseding indictment made public Friday in federal court in Chicago.