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Well, I'm assuming that none of our fellow freepers are believing that Mr. Carlssin's time travel story is true (especially since even the article says the SEC doesn't believe it -- good to know our watchdogs are that sharp, eh?). Some may believe that the story about a guy with a wild story being in prison for insider trading is true ($800 to $350 million in 2 weeks is impossible from stock trades, but not absolutely impossible from derivatives, and the article doesn't mention exactly what he was supposed to be trading -- the legendary Nick Leeson of Barings really did go further and faster in the other direction, and there were people on the other end of his trades picking up the winnings). Besides the Rikers boo-boo, the only other clear tips that this yarn couldn't be true are 1) it hasn't been reported by any major news outlets (a biggie), and 2) there's no mention of what brokerage house(s) the alleged trades were made through.

It's a cute story.

But we're going to be picky about it, the first mistake is that the Securities and Exchange Commission conducted the arrest. The SEC can only file civil lawsuits-- it isn't involved with criminal prosecutions. If the Feds were going to arrest him for securities law violations, the US Attorney's office would have the leading oar.