Reginald Howe was a Harvard educated attorney that lost his money betting on gold. After a thorough investigation, he concluded that a massive conspiracy was involved in suppressing the price of precious metals. He decided to file a lawsuit against the conspiracy:
“This is a complaint for damages and injunctive relief arising out of manipulative activities in the gold market from 1994 to the present time, orchestrated by government officials acting outside the scope of their legal or constitutional authority and certain large bullion banks active in the over-the-counter gold derivatives markets and on the Commodities Exchange (“COMEX”) in New York.
The complaint alleges horizontal price fixing in violation of Section 1 of the Sherman Act, securities fraud in violation of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 (“Exchange Act”), common law fraud and breach of fiduciary duty by the directors of the Bank for International Settlements with regard to holders of its American issue, and violations of the Constitution by federal officials acting under color of federal law but wholly outside the scope of their legal or constitutional authority.”
Taking a Closer Look at the Stories Ignored by the Mainstream Media