Investors allege Sham ("spoof") Silver-Futures by HSBC Holdings Plc and JPMorgan Chase & Co.

http://www.bloomberg.com/news/2010-09-25/u-s-state-officials-investigate-after-gmac-halts-evictions.html

Laskaris v. JPMorgan Chase & Co., 10-08157
Beatty v. JPMorgan Chase, 10-08146, U.S. District Court, Southern District of New York (Manhattan)

"JPMorgan, HSBC Accused of Manipulating Silver Futures
By Joel Rosenblatt and Bob Van Voris - Oct 27, 2010 10:27 PM MT

"HSBC Holdings Plc and JPMorgan Chase & Co. were accused in an investor’s lawsuit of placing “spoof” trading orders to manipulate silver futures and options prices in violation of U.S. antitrust law....The investor...alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase....A separate, similar complaint filed yesterday....and naming the same banks as defendants, claims a whistleblower contacted the CFTC last year and reported the banks’ conspiracy to suppress prices of silver futures to profit from “enormous” short positions in silver futures"

Grupo Mexico Finance Director from 1994-2003 (and Asarco CEO for 2 yrs) now is on El Tigre Silver Corp. Board

"El Tigre Silver Corp. ("El Tigre" or the "Company") ... is pleased to welcome to its board of directors Mr. Daniel Tellechea....From 2003 to 2005, Mr. Tellechea was President and CEO of Asarco LLC ("Asarco") [Asarco Inc. - it became an LLC in 2005] . Previous to that, from 1994 to 2003, Mr. Tellechea served as the Managing Director of Finance and Administration of Grupo Mexico, Asarco's [present] parent corporation. For the period between 1999 and 2003, he also served as Asarco's Chief Financial Officer and as Vice-President of Finance for Southern Peru Copper Corporation, which was majority owned by Grupo Mexico"
http://www.marketwatch.com/story/el-tigre-appoints-new-director-2010-11-09?reflink=MW_news_stmp