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when German miners first discovered Nickel in the 15th century they named it cook for nickel or Devils copper because while they thought it contained copper they couldnt recover any from it they blamed their troubles on the devil and since then nickel has had the nickname The Devils metal amongst commodity Traders its had a history of devilish Behavior too last week traffic Euro one of the worlds largest commodity trading firms announced a 577 million dollar write down claiming that they had fallen victim to a systematic fraud in the devils mantle more surprisingly though to Industry insiders was who they were dealing with pratik Gupta a 43 year old Indian businessman with a checkered reputation who had been trading with traffic Euro since 2016. traffic Euro discovered that shipments of nickel that they had purchased from Gupta linked companies contained no trace of the valuable medal leading them to launch legal action against Gupta and secure 625 million dollar freezing order
