The crooked precious metals trading department at JPMorgan Chase lost another man last week. Christian Trunz pleaded guilty to criminal “spoofing” of the markets and resigned from his position as an Executive Director with the bank.

The story mirrors that of John Edmonds, the Chase banker who pleaded guilty last October for rigging gold and silver prices.

Like Edmonds’ illicit trading activity, Trunz’s was pervasive. It spanned nearly a decade – from 2007 through 2016 – and involved many “thousands” of orders.

The disgraced banker has agreed to cooperate with the Department of Justice investigation. He has told investigators his training on how to cheat was conducted by JPMorgan executives even more senior than himself.

Trunz is not the only gold and silver trader to plead guilty this summer.

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