Chapter VII: Crimes of Market Manipulation
At 7 p.m. London time, the London Metal Exchange closes.
At the end of the day, under the strong impact of bulls, the price of copper in London was pulled to 2800 points.
It skyrocketed by nearly four percent.
Under a large white line, it directly broke through all the technical moving average suppression.
Final closing.
The price of London copper is firmly above all technical support.
Such a huge increase, in addition to the active attack from many parties, those short stop orders that were killed also contributed a lot of strength.
Under the surge, many bears even joined the bulls' camp on the spot.
Under this long white line, the weakness of the bears is immediately reversed.
It not only changed the head and shoulders trend that might have been formed before, but also made the trend of London copper form an N upward offensive posture.
Technically, this technical form means that London copper is likely to launch a second round of upward attack.
On the day, a large number of technical sell orders were forced out of the market.
The camp of the bears shows signs of being forcibly broken up.
The only thing that keeps the bears in the edge is that the shorts in the forward contracts remain strong.
Sumitomo London Trading Department.
Yasuo Hamanaka reclined comfortably on the sofa.
With glasses, he had a comfortable smile on his face, and his hand gently stroked Kino Misa's long black hair from time to time.
As the personal secretary of Yasuo Hamanaka.
Misa Kino is a senior secretary who has been carefully selected by the company and has undergone the most rigorous and comprehensive training.
In addition to protecting Yasuo Hamanaka closely, she is also responsible for taking care of Mr. 'Hammer''s private life.
Whether it is looks or figure, Misa Kino is very in line with the aesthetics of Yasuo Hamanaka.
Slender skin, voluptuous temperament.
In this intimate office space, Misa Kino wears the national costume of Japan.
There is not a single wisp inside the wide kimono.
On the top collar of the placket, you can see the looming snow-white.
Misa Kino knelt lightly in front of Yasuo Hamanaka.
The more historic the family in Japan, the more rigid the hierarchy remains.
Hamanaka Taio sat like the emperor, grinning.
Let Kino Misa kneel on the ground and perform.
This allows Yasuo Hamanaka to feel a kind of God's enjoyment.
Whether it is the position traders in the market or the women, he is the god who can dominate them.
"Bang...."
Suddenly, while Yasuo Hamanaka was celebrating his victory during the day, someone broke into his office directly.
Shocked, Yasuo Hamanaka was immediately finished.
Annoyed and angry, he scolded angrily.
"Yaga...."
This is Yasuo Hamanaka's office, and no one is usually allowed to enter without his permission.
But now, someone dares to forcibly break in.
Makes Yasuo Hamanaka furious.
The person who came in was Yoshiyoshi Ono of the Trading Department.
He panicked.
"Minister, no, the Anglo-American Securities Commission organized a joint investigation team to investigate ......"
Before Yoshiyoshi Ono could finish speaking, two middle-aged men with western faces appeared at the door.
One of them pulled out a document and lit it up.
"Mr. Yasuo Hamanaka, we are from the Anglo-American Securities Commission, and we have recently received a report that someone has accused you of illegally manipulating the London copper market, and now we need you to cooperate with our investigation. ”
Yasuo Hamanaka's face darkened.
The crime of market manipulation is committed in every country.
However, Europe and the United States are also particularly strict in terms of financial regulation.
In a well-established market, there is no distinction between the levels of bookmakers and retail investors.
But there is one thing, any information of the company must be transparent, if the company or the so-called market maker maliciously conceals the information, it will not avoid the consequences of severe punishment.
The highest will be sentenced to hundreds of years in prison.
Previously, the British securities judicial department had approached Yasuo Hamanaka, but never forced his way in like this one.
This made Yasuo Hamanaka feel bad.
If it weren't for the fact that they had a certain amount of evidence, these hypocritical gentlemen would not have been so direct.
What went wrong?
"Mr. Yasuo Hamanaka, please come with us. ”
At the urging of the securities investigation team, Yasuo Hamanaka could only leave.
This is the territory of the British, and even a powerful person like Sumitomo can't do anything in a place like this.
He was able to find ways to explain and cover up his market manipulation.
After Yasuo Hamanaka left.
Misa Kino and Yoshiyoshi Ono glanced at each other.
And then.....
The two of them suddenly hugged each other tightly for some reason.
Not long after....
There was a soft snort of a woman in Yasuo Hamanaka's office.
The Investment Authority (SIB) is the UK's financial market supervisory authority.
It is an independent non-governmental organisation that is the unified regulator of the UK's financial markets, exercising statutory responsibilities and reporting directly to the Treasury.
What about the Office of the Investigation and Oversight Team.
"Mr. Yasuo Hamanaka, we have recently received accusations from market investors against you and against the Sumitomo Group.
In October 1995, you used Sumitomo Holdings' Morenci Copper Mine to issue a false announcement of the suspension of production, and in June 1994, the announcement of the suspension of production of the No. 2 mine of the Qingling Copper Mine in Peru was also made by you.
In August 1993, the Sumitomo Group and the Mitsui Group put pressure on Freeport Holdings' Grasberg Copper Mine and issued a false announcement ......."
Each of these charges is a very serious charge in Anglo-American law.
Unlike Asian markets, developed markets in Europe and the United States have almost harsh penalties for financial regulations.
Once the charges are confirmed, even in the position of Yasuo Hamanaka, he will face unbearable consequences.
The most terrifying thing is that every accusation not only involves Yasuo Hamanaka personally.
The Sumitomo Group was also implicated.
A company makes a false announcement, and in the European and American markets, it is enough to be fined to the point of bankruptcy.
Even a centuries-old chaebol like Sumitomo Group can't withstand that kind of horrific fine, which is tens of billions of dollars in fines, and if it is not enough, the fine will be offset by an unlimited prison term.
Yasuo Hamanaka was silent.
He knew that he couldn't talk nonsense at such times.
"Mr. Yasuo Hamanaka, according to the President of the London Metal Exchange, David?? As early as late 1991, they noticed your behavior and warned him several times. I don't know if this is true. ”
Yasuo Hamanaka narrowed his eyes.
He replied.
"Yes, but it's not illegal. ”
"In November 1991, you asked Schriercade, the president of DLT Brokerage, to unlawfully provide you with false proof of transactions. ”
“……”
Yasuo Hamanaka's silence made the investigation team helpless.
This kind of thing, as long as the parties do not admit it, no one can do anything.
If there is any evidence, they will continue to talk nonsense here with Yasuo Hamanaka.
Yasuo Hamanaka also knows this.
Nine o'clock in the evening.
Yasuo Hamanaka gave a sarcastic smile.
"Gentlemen, you won't leave me here for supper, if you don't invite me to supper, then I'll go back to my secretary's dinner, gentlemen, and have a good night. ”
The arrogant attitude made the investigation team angry, but no one stopped Yasuo Hamanaka from leaving.
Whether it is Yasuo Hamanaka himself or the Sumitomo Group behind it, it is not something that ordinary people can provoke.
Under capitalism.
Rich, that is, God, can not only dominate the wealth of others, but also control the lives of others.
Non-governmental organizations like theirs have nothing to do with this kind of wealth.
After Yasuo Hamanaka left, Thomson, the leader of the investigation team, picked up the phone and dialed a phone from far away in the United States.
。 m.