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http://www.centurioncounsel.com/ ... Counselor_Q1-03.pdf8 N- I2 {2 M- T9 {) A5 N
‘TIME-TRAVELER’ BUSTED FOR INSIDER TRADING
. [, G' r& o, ]8 }! F, p6 K8 LWednesday March 19, 2003 By CHAD KULTGEN
9 w5 [8 V* ~- f! {% KNEW YORK — Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading
# G: |: S8 t% t! V6 ?3 bcharges — and incredibly, he claims to be a time-traveler from the year 2256!, l% R& |6 U( T& c0 D
Sources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the, K" R) \& \3 }1 M5 ]: R
bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January# Z1 V2 |% L1 |8 }6 r9 ?! S' S
28.3 {6 ^; E- w3 g1 H' k5 B
”We don’t believe this guy’s story — he’s either a lunatic or a pathological liar,” says an SEC insider./ {2 p8 r! C z# l+ k1 `( g" w
”But the fact is, with an initial investment of only $800, in two weeks’ time he had a portfolio valued at over7 {% h# K" b" [
$350 million. Every trade he made capitalized on unexpected business developments, which simply can’t be: M- |. e4 g5 H3 j9 _3 B6 Y
pure luck.
3 z! a* o8 q9 M$ b. i+ E”The only way he could pull it off is with illegal inside information. He’s going to sit in a jail cell on Rikers% H' X/ g/ N0 C( V' s8 y
Island until he agrees to give up his sources.”1 ^5 y; } p; w
The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin
7 _. }6 n% x( K' ymade a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall
6 _2 U# b5 K1 |Street watchdogs.7 y: {0 G2 t4 p& b# A
”If a company’s stock rose due to a merger or technological breakthrough that was supposed to be secret,, T2 h, o7 M0 Q, O1 V* w* u
Mr. Carlssin somehow knew about it in advance,” says the SEC source close to the hush-hush, ongoing
7 v6 n' S& R) X( ~. M7 {investigation.
, x, }$ S) a# Y3 B/ }# RWhen investigators hauled Carlssin in for questioning, they got more than they bargained for: A mindboggling, G) L$ O7 t S4 f$ Z% \! {
four-hour confession.5 x b# z5 k, q% _; Z: T% g
Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common
, m4 D- R5 G' O: uknowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with8 O% y9 |0 a9 s! H
knowledge of the handful of stocks destined to go through the roof could make a fortune.
, Y, j; v9 k. P0 H$ F1 }9 D/ p”It was just too tempting to resist,” Carlssin allegedly said in his videotaped confession. “I had planned to' S* L- z, o2 M& C$ u# L4 a
make it look natural, you know, lose a little here and there so it doesn’t look too perfect. But I just got caught
, V0 l) l. l% W* ?, lin the moment.”( d6 ?0 j' C. z$ Z
In a bid for leniency, Carlssin has reportedly offered to divulge “historical facts” such as the whereabouts of% k- g7 ~' N2 M. P4 ~ U) U# n; p
Osama Bin Laden and a cure for AIDS.
. ?2 I( y. g+ J" BAll he wants is to be allowed to return to the future in his “time craft.”
0 B: P3 ?8 Q7 H* W! UHowever, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear
# W8 ^0 x( F/ cthe technology could “fall into the wrong hands.” |
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