Difference between revisions of "9-11/Insider Trading"
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− | The [[German Central bank]] studied the possibility of insider trading. According to German central bank president [[Ernst Welteke]], the German researchers found “almost irrefutable proof of insider trading”.<ref>http://www.historycommons.org/context.jsp?item=aearly0901german#aearly0901german</ref> | + | The [[German Central bank]] studied the possibility of [[insider trading]]. According to German central bank president [[Ernst Welteke]], the German researchers found “almost irrefutable proof of insider trading”.<ref>http://www.historycommons.org/context.jsp?item=aearly0901german#aearly0901german</ref> |
− | The [[ | + | The [[Washington Post]] reported on 23rd September [[2001]]:<ref>William Drozdiak, “‘Insider trading’ by terrorists is suspected in Europe”, Miami Herald, September 24, 2001, http://web.archive.org/web/20011109160700/www.miami.com/herald/special/news/worldtrade/digdocs/099922.htm</ref><ref>https://www.washingtonpost.com/archive/politics/2001/09/23/germans-probe-likely-links-between-profits-and-terrorists/1c42fc2d-c092-416c-8594-1e6758b5d86c/ saved at [https://web.archive.org/web/20170827115538/https://www.washingtonpost.com/archive/politics/2001/09/23/germans-probe-likely-links-between-profits-and-terrorists/1c42fc2d-c092-416c-8594-1e6758b5d86c/ Archive.org] saved at [https://archive.ph/wpz5p Archive.is]</ref> |
− | {{QB| | + | {{QB|Welteke said his researchers came across what he considers almost irrefutable proof of insider trading as recently as Thursday, but he refused to release details pending further consultations with regulators in other countries. |
− | + | "What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy," he said at a meeting of European finance ministers and central bankers. | |
− | Besides massive short | + | Besides massive short selling of airlines and insurance stocks, Welteke said "there was a fundamentally inexplicable rise" in world oil prices just before the attacks that suggest certain groups or people were buying oil contracts that were then sold for a much higher price. He said German researchers also detected movements in gold markets "which need explaining." |
− | + | "If you look at the movements in markets before and after the attacks, it really makes your brow furrow," Welteke said. "It is extremely difficult to really verify it, but we are confident we will be able to pinpoint the source in at least one or two cases."}} | |
− | He said German researchers also detected movements in gold markets | ||
− | |||
− | |||
He was ousted in [[2004]]. | He was ousted in [[2004]]. |
Revision as of 19:33, 14 November 2022
Date | 6 September, 2001 - 11 September, 2001 |
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Interest of | Lars Schall |
Description | A mound of evidence points to insider trading. However, the 9/11 Commission decided not to investigate the matter and the SEC destroyed important records. |
Insider trading in advance of 9/11, using the knowledge of the impending false flag event, was an option for anyone with foreknowledge.
Contents
9/11 Commission Report
The 9/11 Commission Report mentioned the name of Buzzy Krongard, former executive director of the CIA, stating:[1]
"A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 (2001) as part of a strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading on September 10 was traced to a specific U.S.-based options trading newsletter... which recommended these trades."[2]
The implied conclusion is that having "no conceivable ties to al Qaeda" the investor could not have had foreknowledge of the attacks.
Almost Irrefutable Proof?
The German Central bank studied the possibility of insider trading. According to German central bank president Ernst Welteke, the German researchers found “almost irrefutable proof of insider trading”.[3] The Washington Post reported on 23rd September 2001:[4][5]
Welteke said his researchers came across what he considers almost irrefutable proof of insider trading as recently as Thursday, but he refused to release details pending further consultations with regulators in other countries.
"What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy," he said at a meeting of European finance ministers and central bankers. Besides massive short selling of airlines and insurance stocks, Welteke said "there was a fundamentally inexplicable rise" in world oil prices just before the attacks that suggest certain groups or people were buying oil contracts that were then sold for a much higher price. He said German researchers also detected movements in gold markets "which need explaining."
"If you look at the movements in markets before and after the attacks, it really makes your brow furrow," Welteke said. "It is extremely difficult to really verify it, but we are confident we will be able to pinpoint the source in at least one or two cases."
He was ousted in 2004.
Cover-up
The SEC was active in attempting to cover up evidence of insider trading. There was a lot of evidence of trading in the run up to 9/11 consistent with foreknowledge. David Callahan – executive editor of SmartCEO – submitted a Freedom of Information Act request to the SEC regarding the pre-9/11 put options. He was told: "We have been advised that the potentially responsive records have been destroyed."
The 9/11 Commission concluded:
“Highly publicized allegations of insider trading in advance of 9/11 generally rest on reports of unusual pre-9/11 trading activity in companies whose stock plummeted after the attacks. Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. For example, the volume of put options- investments that pay off only when a stock drops in price-surged in the parent companies of United Airlines on September 6 and American Airlines on September 10-highly suspicious trading on its face. Yet, further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. These examples typify the evidence examined by the investigation. The SEC and the FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous. Joseph Cella interview (Sept. 16, 2003; May 7, 2004; May 10-11, 2004); FBI briefing (Aug. 15, 2003); SEC memo, Division of Enforcement to SEC Chair and Commissioners, “Pre-September 11, 2001 Trading Review,” May 15, 2002; Ken Breen interview (Apr. 23, 2004); Ed G. interview (Feb. 3, 2004).”
' [6]
Related Quotation
Page | Quote | Author | Date |
---|---|---|---|
2021 | “Speaking of shorting stock did they ever find out who shorted those airlines stocks just before 9/11? Just Asking. You Wallstreet fucks are worried about GameStop but there are deep questions that get brought up. Enjoy.” | Immortal Technique | January 2021 |
Related Documents
Title | Type | Publication date | Author(s) | Description |
---|---|---|---|---|
Document:9/11 Insider Trading | article | 18 November 2010 | Kevin Ryan | Evidence for Informed Trading based on foreknowledge of the 9-11 attacks |
File:911 Abnormal Trading.pdf | paper | 13 April 2010 | Wing-Keung Wong Kweehong Teh Howard E. Thompson | Evidence of foreknowledge about the 9-11 terrorist attacks in the form of financial trading irregularities |
References
- ↑ Suppressed Details of Criminal Insider Trading Lead Directly Into The CIA's Highest Ranks
- ↑ Norton, W.W. (2004). 9/11 Commission Report. p. 499.
- ↑ http://www.historycommons.org/context.jsp?item=aearly0901german#aearly0901german
- ↑ William Drozdiak, “‘Insider trading’ by terrorists is suspected in Europe”, Miami Herald, September 24, 2001, http://web.archive.org/web/20011109160700/www.miami.com/herald/special/news/worldtrade/digdocs/099922.htm
- ↑ https://www.washingtonpost.com/archive/politics/2001/09/23/germans-probe-likely-links-between-profits-and-terrorists/1c42fc2d-c092-416c-8594-1e6758b5d86c/ saved at Archive.org saved at Archive.is
- ↑ http://www.washingtonsblog.com/2010/06/sec-government-destroyed-documents-regarding-pre-911-put-options.html 9/11 Commission Report Footnote 130 to chapter 5