The price rigging and manipulations just keep on coming in the Western financial system as a new lawsuit filed against Goldman Sachs, HSBC, and two other major banks accusing the institutions of wide-spread price fixing in Platinum and Palladium over a sever year period has been filed in Federal court this week.
The lawsuit filed in a court in Manhattan was done by Modern Settings LLC, a Florida-based maker of jewelry and police badges, and brings a to a judge a case where losses incurred to both businesses and customers equates to millions of dollars in over-pricing tied directly to commodity broker manipulation.
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