Ex-Scotia Capital, Bear Stearns metals trader pleads guilty, will cooperate in ‘spoofing’ probe

Ex-Scotia Capital, Bear Stearns metals trader pleads guilty, will cooperate in ‘spoofing’ probe

US News Rank

A woman enters Bear Stearns headquarters in New York, March 14, 2008.
Daniel Acker | Bloomberg | Getty Images

A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities markets by the Justice Department.
The trader, Corey Flaum, 41, of Mount…

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