/biz/ - Business & Finance

look into the 9/11 insider trading that deutsche bank was implicated in.


https://www.foxnews.com/story/german-firm-probes-final-world-trade-center-deals

"The suspicion is that inside information about the attack was used to send financial transaction commands and authorizations in the belief that amid all the chaos the criminals would have, at the very least, a good head start,'' said Convar director Peter Henschel.

...

"Not only the volume but the size of the transactions was far higher than usual for a day like that. There is a suspicion that these were possibly planned to take advantage of the chaos.''

https://www.cbsnews.com/news/profiting-from-disaster/

>Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market. An extraordinary number of trades were betting that American Airlines stock price would fall.

https://www.sfgate.com/news/article/Suspicious-profits-sit-uncollected-Airline-2874054.php

"Spokesmen for British securities regulators and the AXA Group also confirmed yesterday that investigations are continuing.

The source familiar with the United trades identified Deutsche Banc Alex. Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of the options. Rohini Pragasam, a bank spokeswoman, declined comment.

Last weekend, German central bank president Ernst Welteke said a study pointed to "terrorism insider trading" in those stocks.

There are many reasons the bets against United and American could have been innocent, in view of the tough time the airline industry has had this year and heavy losses experienced by both airlines in particular. But the trades were not replicated in the stocks or options of any of the airlines' competitors."