JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before to many others.Roman Mykhalchuk/Getty Images JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel. The discrepancy was discovered by the London Metals Exchange last week. But this is not an isolated case — it has happened before.
Jpmorgan Chase Thought It Had $1.3 Million Of Nickel, But They Were All Bags Of Stones. It's Happened Before.
htan@insider.com (Huileng Tan), Business Insider
Tue, 03/21/2023 - 2:38am
Topics: roman mykhalchuk/getty images jpmorgan chase received dutch mercuria energy mercuria filed november trafigura indian prateek gupta tmt metals ud trading group financial times singapore nirgunan tiruchelvam aletheia capital jp morgan nanni business insider jpmorgan chase london metals exchange march insider million of nickel chase thought it had million bags of stones it's happened fraud week discovered steel commodities commodity unheard case companies copper key common ordered warehouse theft involving carbon giant complaint prices including
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