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Comment for Public Information Collection 77 FR 8817

  • From: Wayne Downey
    Organization(s):

    Comment No: 57021
    Date: 3/15/2012

    Comment Text:

    More than three years into the silver manipulation investigation and still not a peep out of the CFTC.
    The manipulation of gold and silver is so obvious that even a blind man can see it.
    For the latest shananigans, just check out what happened to gold and silver on February 29th, 2012 and please don't take us for idiots and claim that this was just normal market action. This type of action (and always to the downside) has happened so many times during your investigation period that it's not possible that you haven't been able to put 2 and 2 together.
    So what really is going on at the CFTC regarding this investigation?
    I'm sure you guys are smart enough to know who the manipulators are, so why pretend that this three year plus investigation is still ongoing just to protect the guilty institutions?
    Are you there to protect the investmentment world against corruption and theft or is your new mandate to protect and empower JP Morgan and friends??

    I hope that the CFTC comes to the right conclusion shortly before some eager lawyer trying to make a name for himself sues the CFTC for failing to enforce the rules.

    **********

    At law, an accomplice is a person who actively participates in the commission of a crime, even though they take no part in the actual criminal offense. For example, in a bank robbery, the person who points the gun at the teller and asks for the money is guilty of armed robbery. However, anyone else directly involved in the commission of the crime, such as the lookout or the getaway car driver, is an accomplice, even though in the absence of an underlying offense keeping a lookout or driving a car would not be an offense.

    An accomplice differs from an accessory in that an accomplice is present at the actual crime, and could be prosecuted even if the main criminal (the principal) is not charged or convicted. An accessory is generally not present at the actual crime, and may be subject to lesser penalties than an accomplice or principal.

    At law, an accomplice has the same degree of guilt as the person he or she is assisting, is subject to prosecution for the same crime, and faces the same criminal penalties. As such, the three accomplices to the bank robbery above can also be found guilty of armed robbery even though only one stole money.

    ***********
    Regards

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