JPMorgan Chase & Co.’s gold trading and sales team was so focused on making money that they scammed the market for years with so-called spoofing trades, according to a former colleague who testified at the trial of three former bank employees charged with fraud. “Our job was to do whatever it takes to make money,” and using spoof trades to manipulate prices for all sorts of precious metals was an almost daily method for generating profit, said John Edmonds, 39, who worked as a trader at the bank until 2017. “Everyone at the time did it on the desk and it worked.” Edmonds is testifying against his former boss, ... (full story)