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Global Outlook

Michel Chossudovsky's Magazine on 911 and Post-911 Analysis

Issue No.5-out now:

Bush's "Project for a New American Century"

Was 9/11 a Hoax?

Diving up the Spoils of War

Website Topics of the month:

Was Kelly assassinated for "pulling the plug"

The Forged Intelligence on Iraq

Who's Who on the 9/11 "Independent" Commission

Hot ranking thread:

CIA closed friend with the finanzsystem of Al-Quida!

Counterpunch

FBI closes investigation on 9/11 put options

posted by ewing2001 on Friday September 19, @09:09AM
from the Sun-Times dept. News

No profiteering on terror attacks

Update: German TV Doku about First Equity and "Abzocker aus dem World Trade Center" (09/22)

SunTimes -September 19, 2003

Somewhere out there are hedge funds or individual investors who profited from the Sept. 11, 2001 terrorist attacks. But they had no foreknowledge of the catastrophes, an FBI spokesman said Thursday.

Spokesman Ed Cogswell said the FBI has closed its investigation of stock and option trading that took place days before the attacks. He said the investigation turned up "absolutely no evidence'' of anyone with inside knowledge of what would happen.

After the attacks, in which terrorists commandeered planes owned by the two biggest airlines, United and American, traders in the Chicago options market noticed suspicious pre-Sept. 11 spikes in volume. Put options for stocks in the airlines' parent companies, UAL Corp. and AMR Corp., registered huge trading increases in the week before the attacks.


Investors can use puts, which confer the right to sell a stock at a pre-determined price, to make money when the underlying share price falls, similar to shorting a stock. The terrorist attacks and their effect on the travel industry caused shares of UAL and AMR to fall dramatically when the markets reopened Sept. 17.

Cogswell said most of the options trading was carried out by hedge funds with bearish outlooks. He did not name any of the funds, which pursue risky investment strategies on behalf of wealthy clients.

Market regulators in other countries opened similar investigations after the attacks, but Cogswell said he believes all have been concluded with no evidence that allies of Osama bin Laden were involved.

He said the FBI interviewed trading professionals and other witnesses, sharing its findings with the Justice Department and Securities and Exchange Commission.

On Sept. 10, 2001, put options on AMR were 17 times their average volume of 269 contracts. On Sept. 6, 2001, UAL put options were traded at more than four times their average volume of 711 contracts.

At the same time, some experts cautioned that because of the light volume in most option contracts, an increase can seem eye-popping.

London regulators thought they had something in the short-selling of big airline stocks before Sept. 11, but traced the activity to one of their small competitors.


Related Sources:

CRG -- Getting used to the idea of double standards: The ...
... by Tom Flocco – Edited by Michael C. Ruppert. ... on insider trading connected to the
9-11 attacks on ... and unusually large number of “putoptions on United ...
www.globalresearch.ca/articles/FLO112B.html - 25k - Cached - Similar pages

Profits of Death - Insider Trading and 9-11
... Tom Flocco - Edited by Michael C. Ruppert. ... on insider trading connected to the 9-11
attacks on ... an obvious and unusually large number of "put" options on United ...
www.fromthewilderness.com/free/ww3/ 12_06_01_death_profits_pt1.html - 66k - Cached - Similar pages

DC Press Conference Punches Big Holes in 9-11 Official Line
... While not mentioning the put options directly, Flocco did discuss ... out that no one
has said 9-11 would have ... time in which, according to Tom Flocco, "People can ...
www.fromthewilderness.com/free/ ww3/062102_pressconf.html - 62k - Cached - Similar pages
[ More results from www.fromthewilderness.com ]

9/11 Insider Trading
... Criminal Insider Trading Lead Directly into the CIA’s Highest Ranks CIA Executive
Director “Buzzy” Krongard managed firm that handled “PUToptions ...
www.hereinreality.com/insidertrading.html - 55k - Sep 18, 2003 - Cached - Similar pages

Revealing 9-11 Stock Trades Could Expose
Revealing 9-11 Stock Trades Could Expose The Terrorist ... fold increases in the purchases
of put options on their ... trading in the US stock options market,” the ...
www.americanfreepress.net/051302/Revealing_9-11_Stock_Trades_Co/ revealing_9-11_stock_trades_co.html - 21k - Cached - Similar pages

CRG -- Getting used to the idea of double standards: The ...
... On October 9th, FTW broke a story on insider trading connected to the 9-11 attacks
on ... an obvious and unusually large number of “putoptions on United ...
www.globalresearch.ca/articles/FLO112B.html - 25k - Cached - Similar pages

PROFITS OF DEATH - INSIDER TRADING AND 9-11
... on insider trading connected to the 9-11 attacks on the ... and unusually large number
of “putoptions on United ... hit hard by the insider trading included Axa ...
propagandamatrix.com/ profits_of_death_insider_trading_and_9_11.html - 25k - Cached - Similar pages

Profits of Death - Insider Trading and 9-11
... On October 9th, FTW broke a story on insider trading connected to the 9-11 attacks
on the ... an obvious and unusually large number of "put" options on United ...
www.fromthewilderness.com/free/ww3/ 12_06_01_death_profits_pt1.html - 66k - Cached - Similar pages

heather wokusch.com - Trading on Terror : Linking Financial ...
... increased sharply too; interestingly, many such put options were sold ... Estimates of
9/11 profit-taking are in the ... This could very well be insider trading at the ...
www.heatherwokusch.com/columns/column49.html - 12k - Sep 18, 2003 - Cached - Similar pages

e.thePeople : CIA Insider Trading-Should We Be Concerned?( ...
... suspicious stock trading just prior to 9/11. ... Supressed Details of Criminal Insider
Trading Lead Directly ... managed firm that handled “PUToptions on United ...
www.e-thepeople.org/comment/75105/ view?viewtype=best&skip=0 - 40k - Cached - Similar pages

9-11 Insider Traders: Why don't we know who they were—or more ...
... angle of who actually perpetrated the heinous acts of 9/11 not been ... sounding over
unusual trading in the US stock options market." "This ... I saw put-call numbers ...
www.sierratimes.com/03/04/10/gaddy.htm - 50k - Cached - Similar pages

Trading on Terror
... ultimate "terror" futures market, 9/11 insider trading, have yet ... before the attacks,
speculative trading surged on ... sales of airline-based put options (bets a ...
www.dissidentvoice.org/Articles7/ Wokusch_9-11-Insider-Trade.htm - 23k - Sep 18, 2003 - Cached - Similar pages

The CIA, Insider Trading and the WTC Terror Attack
... are still 2,313 so-called “putoptions outstanding [valued at ... to purchase at
least some of these options...”. ... 9-11, the Mossad, the CIA and “False Flag ...
free.freespeech.org/americanstateterrorism/ 9-11/CIA-WTC.html - 44k - Cached - Similar pages


WDR TV shows Insider Trading Doku on Sep 22

Monday, September 22

WDR, 10:30 PM
"Die Abzocker aus dem World Trade Center"

Rebroadcast: Wednesday, September 24th 10:15 AM

WDR 3 -September 22

Ein Film von Michael Wech
Redaktion: Heribert Blondiau

Die Abzocker aus dem World Trade Center - Eine andere Geschichte des 11. September; Bild: WDR 11. September, 9:03 Uhr. Die Menschen, die im Südturm des World Trade Centers arbeiten, haben genau 45 Minuten Zeit. Eine dreiviertel Stunde, um der Katastrophe zu entkommen. Oder, um ein Verbrechen zu begehen. Andrei Koudachev und Gary Faberov waren zwei abgeklärte Broker.

Jedenfalls haben sie Jahre lang versucht, diesen Eindruck zu erwecken. Durchaus mit Erfolg. Investoren aus der ganzen Welt legten Geld bei ihrer Investmentfirma an. "Evergreen" versprach Gewinne von 20-30 %. Alles wirkte seriös. Einige Dutzend Anlageberater warben für Vertrauen.

Die Tochterfirma, die den Zahlungsverkehr durchführte, trug den eleganten Namen "First Equity". Und schließlich die Adresse: 2 World Trade Center, 15. Stock. Ein prominenter Firmensitz. Sehr prominent sogar.Die Abzocker aus dem World Trade Center - Eine andere Geschichte des 11. September; Bild: WDR Der Tag, an dem die beiden Türme von Flugzeugen getroffen und mit ihnen die Büroräume der Broker zerstört wurden, muss den Evergreen-Kunden wie ein besonderer Albtraum vorgekommen sein: Was ist mit ihren Beratern? Und was mit ihrer Anlage? Tatsächlich folgte auf den ersten Schreck gleich der zweite: Mit den Türmen verschwanden auch die Firmenbosse von der Bildfläche und mit ihnen auch das Geld der Anleger. Andrei Koudachev und Gary Faberov hatten sich mit über 100 Millionen Dollar sprichwörtlich aus dem Staub gemacht. Die Abzocker - eine andere Geschichte des 11. September.

JetBlue shared Passenger Data, now 'Fesses Up, Quietly | Pilger aired TV-"Evidence": Rice and Powell in 2001: "Hussein was no threat"  >

 

 

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