Wasn’t there a big sell off in the markets at the same time? I do not remember if the sellers were ever identified?
It probably came from overseas and couldn't be traced.
you are correct.
millions were made by owning puts on airline & insurance company stocks. also shorting stock of these same companies.
SEC, NASDAC, and CBOT according to the "know your customer" rule brokerage firms had to have documentation about the put buyers or short sellers financial capacity to enter those transactions on record prior to executing those trades.
Trade confirmation records must be kept by the brokerage that executed that trades for 5-10 years, so there had to be somebody with insider information identified on those tickets.
so the profits from those trades did not sit around for years only to end up in some unclaimed property fund.
of course this simple solution to "who dun it" was buried along with the 28 pages.
you are correct.
millions were made by owning puts on airline & insurance company stocks. also shorting stock of these same companies.
SEC, NASDAC, and CBOT according to the "know your customer" rule brokerage firms had to have documentation about the put buyers or short sellers financial capacity to enter those transactions on record prior to executing those trades.
Trade confirmation records must be kept by the brokerage that executed that trades for 5-10 years, so there had to be somebody with insider information identified on those tickets.
so the profits from those trades did not sit around for years only to end up in some unclaimed property fund.
of course this simple solution to "who dun it" was buried along with the 28 pages.