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http://www.centurioncounsel.com/ ... Counselor_Q1-03.pdf0 }$ c6 B0 R: g
‘TIME-TRAVELER’ BUSTED FOR INSIDER TRADING
1 ^4 E: n: W' D3 |4 w7 C' D' \Wednesday March 19, 2003 By CHAD KULTGEN( x1 E! t9 g2 S4 y" n
NEW YORK — Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading7 a. s1 d9 E8 [- N
charges — and incredibly, he claims to be a time-traveler from the year 2256!) C5 U# a( ]7 ]3 P
Sources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the8 A4 F- r% {$ J* v) ~) A; ^
bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January, M& ^$ _& Q4 h% V" `: Q
28.
9 Z1 Y8 J) ~5 E”We don’t believe this guy’s story — he’s either a lunatic or a pathological liar,” says an SEC insider.- e& P. v3 ]% L) o
”But the fact is, with an initial investment of only $800, in two weeks’ time he had a portfolio valued at over
$ L" z) F. X: k# T. q N0 ]" L0 {$350 million. Every trade he made capitalized on unexpected business developments, which simply can’t be, L E! @" v$ L8 a% N9 L& V
pure luck.
$ |9 d* G2 h. y1 R( L$ P* _; q”The only way he could pull it off is with illegal inside information. He’s going to sit in a jail cell on Rikers& b$ R. P7 H) o/ F& i
Island until he agrees to give up his sources.”, i- T: C4 Z6 I, X* z3 v2 p% r
The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin& r, [, M, _# c! m7 Q3 r/ D/ o4 [5 ^
made a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall
4 J+ W$ m0 e+ u. W6 i" q4 c5 i' ?6 b0 YStreet watchdogs.
' D q% a5 W$ d9 P* H”If a company’s stock rose due to a merger or technological breakthrough that was supposed to be secret,( f/ }( j, w' I& t+ L
Mr. Carlssin somehow knew about it in advance,” says the SEC source close to the hush-hush, ongoing
; b$ ?+ F( i! x1 ]$ j8 b/ d4 m. L% B- Sinvestigation." z* r U. P7 m$ f3 l; V! p
When investigators hauled Carlssin in for questioning, they got more than they bargained for: A mindboggling
$ w9 a) a1 u0 v" efour-hour confession.
( v, {. p/ _9 h) `9 XCarlssin declared that he had traveled back in time from over 200 years in the future, when it is common# m# Q5 g/ }2 f0 ]3 G/ p) F+ Q
knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with
$ y! F9 r/ t5 \9 v8 {+ eknowledge of the handful of stocks destined to go through the roof could make a fortune.$ V1 k3 c- q* U1 f; l! i+ ]
”It was just too tempting to resist,” Carlssin allegedly said in his videotaped confession. “I had planned to9 ~* @0 K2 L1 f2 n- C: Y
make it look natural, you know, lose a little here and there so it doesn’t look too perfect. But I just got caught1 w; ?: p& L! D
in the moment.”
T. r$ Q7 ~# F7 SIn a bid for leniency, Carlssin has reportedly offered to divulge “historical facts” such as the whereabouts of# ~" y. v. ^% `, [' \5 q+ ?# H
Osama Bin Laden and a cure for AIDS.6 U' Y9 a, @) B- ]9 V: x
All he wants is to be allowed to return to the future in his “time craft.”
8 t& W" O- d5 l$ N R }. UHowever, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear) P7 L( F* _; _ {4 i& w
the technology could “fall into the wrong hands.” |
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