On May 24 the Commodity Futures Trading Commission (CFTC) filed lawsuits against oil traders, alleging that they manipulated the oil markets in early 2008 while harming consumers and personally pocketing $50 million. The case is unusual because the CFTC usually goes for the easier route of charging attempted manipulation of markets; actual manipulation has only been successfully proven on one previous occasion.
I am an economist, not a legal expert….
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