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http://www.centurioncounsel.com/ ... Counselor_Q1-03.pdf6 w& s0 Q! c) }! x) f, ~/ k) P
‘TIME-TRAVELER’ BUSTED FOR INSIDER TRADING
5 B9 W; F9 {: ^, C# `/ _9 HWednesday March 19, 2003 By CHAD KULTGEN
( v4 W H' T$ e- N6 m7 _& s. j2 WNEW YORK — Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading
1 Z% Z# M$ E3 e% x* g+ w. lcharges — and incredibly, he claims to be a time-traveler from the year 2256!
' s6 u; s% Q* ?0 |" {, y. `( wSources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the) \7 ]- j: N: E' G) Z. H, k. v! C
bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January
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”We don’t believe this guy’s story — he’s either a lunatic or a pathological liar,” says an SEC insider.
- F. {5 A( k: A% p) O4 C8 T”But the fact is, with an initial investment of only $800, in two weeks’ time he had a portfolio valued at over
, u& m+ b7 J; ^4 W# E# e$350 million. Every trade he made capitalized on unexpected business developments, which simply can’t be9 A) \( j9 d/ w1 {( O$ E& f
pure luck./ \1 O3 n N0 N3 }/ m8 w* l
”The only way he could pull it off is with illegal inside information. He’s going to sit in a jail cell on Rikers
+ O) D! C1 t9 B% l1 E/ b* O5 [Island until he agrees to give up his sources.”# a, ]# b0 {# s3 Q
The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin
3 h: c+ Q/ X g9 C! B* Lmade a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall
6 t" B. p, N9 v$ P( X4 j+ nStreet watchdogs.
$ ~5 n$ V( r" l& g) D2 T”If a company’s stock rose due to a merger or technological breakthrough that was supposed to be secret," z- w A% O- j' H m
Mr. Carlssin somehow knew about it in advance,” says the SEC source close to the hush-hush, ongoing3 E* {' a0 G5 f, S
investigation.
: u1 L1 ]- k8 R, KWhen investigators hauled Carlssin in for questioning, they got more than they bargained for: A mindboggling& A4 t, O) T3 O$ y7 W# Z$ l
four-hour confession.
: C. _$ v1 n' x, F$ z$ I( r# mCarlssin declared that he had traveled back in time from over 200 years in the future, when it is common1 c. u! J+ h' y' I7 E' ^
knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with6 s2 g* J! a3 r9 W3 w3 _! n
knowledge of the handful of stocks destined to go through the roof could make a fortune.; a+ u' I# q* S5 o/ N9 q& ~, z
”It was just too tempting to resist,” Carlssin allegedly said in his videotaped confession. “I had planned to, D9 D% [! q' D
make it look natural, you know, lose a little here and there so it doesn’t look too perfect. But I just got caught
9 O8 x) g C8 W6 g6 M8 {" Y% T, din the moment.”7 k' k; H. Y7 E2 l; w8 r7 R3 T
In a bid for leniency, Carlssin has reportedly offered to divulge “historical facts” such as the whereabouts of
) r, Q6 z$ R9 `' T% ZOsama Bin Laden and a cure for AIDS.
U; G x* h: HAll he wants is to be allowed to return to the future in his “time craft.”/ \6 f% P3 D# [4 A
However, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear: f& _- Q, l* `; Z% d8 _6 _7 `
the technology could “fall into the wrong hands.” |
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