Did Insiders Milk Terror Plot For Criminal Trading? Indian newspaper highlights suspicious patterns, 9/11 and 7/7 were also preceded by insider trading PaulMessage 1 of 1 , Aug 23, 2006View Source
Did Insiders Milk Terror Plot For Criminal Trading?
Indian newspaper highlights suspicious patterns, 9/11 and 7/7 were also preceded by insider trading
Did criminal insider speculators with informants inside the British intelligence apparatus take advantage of their foreknowledge of the announcement of a foiled terror plot to place put options on airline stocks, reaping the benefits of their subsequent fall?
So says the India Daily, claiming strange patterns in airline stocks preceded the announcement - and that carefully placed money was waiting on the sidelines to jump in and buy the stocks as cheaper prices before they rose again in subsequent trading.
Airline stocks dropped as much as 28 per cent during morning trading following the announcement of the alleged liquid bomb plot.
Though the report can be quantified as nothing more than speculation at this point, it mirrors murmurs we've been receiving from stock brokers who also claim potential foul play.
If true it would also dovetail with similar activity prior to the 9/11 attacks and the 7/7 bombings in London.
9/11 was preceded by suspicious put options in large quantities placed on American and United Airlines which betrayed advance knowledge of the attack. The investigation as to who was responsible for authorizing the transactions led directly back to former CIA director Buzzy Krongard.
In the case of the London bombings, the pound fell 6 per cent against the dollar for no apparent reason in the 10 days before the attack.
"Currencies of established countries simply do not fall that fast based upon any kind of economic or financial analysis," said a 35 year veteran economist. "Somebody somewhere knew something. Or maybe I should say 'somebodies.'"
Since even the official investigation concluded that the alleged suicide bombers had no outside links and were 'lone wolf' operatives, though this is tempered by the fact that the ringleader Khan was an MI5 informant, then one can only assume that elements within the British government profited from their foreknowledge of the attack.
Indications are that the same criminals took advantage of the fact that the decision and timing to announce the alleged foiled plot to blow up transatlantic airliners was carefully chosen at least a week in advance according to published reports. This would have provided the insider traders with ample time to arrange the transactions.