RICO Suit Filed Against HSBC And JPMorgan For Silver Market Manipulation

``What is more interesting, is that the man who has achieved something a cult standing in the PM community, whistleblower Andrew Maguire, is also involved... The suit – which alleges violation of the Commodity Exchange Act and the Racketeering Influenced and Corrupt Organizations (RICO) Act – alleges that the two banks colluded to manipulate the market for silver futures starting in the first half of 2008 by amassing huge short positions in silver futures contracts they had no intent to fill, but did so to force silver prices down to their benefit.''