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http://www.centurioncounsel.com/ ... Counselor_Q1-03.pdf8 ~4 w' C9 k3 v% J1 d# i3 f a
‘TIME-TRAVELER’ BUSTED FOR INSIDER TRADING
0 f# h9 @+ O1 x) a+ LWednesday March 19, 2003 By CHAD KULTGEN. A. X, K$ n6 Y% C! H& m
NEW YORK — Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading
' C: p4 |& L( r8 b% t( ]0 Q X1 mcharges — and incredibly, he claims to be a time-traveler from the year 2256!% S: n9 r8 B' T" M/ J
Sources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the3 O8 ?4 e" G& H' A; _
bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January% D3 J7 g$ U4 W% r0 [( n
28.
& G# `7 G9 A( s$ n9 a8 r2 F! N3 I5 w”We don’t believe this guy’s story — he’s either a lunatic or a pathological liar,” says an SEC insider.& d6 |' U$ Q! c$ i& w! u1 E
”But the fact is, with an initial investment of only $800, in two weeks’ time he had a portfolio valued at over: I/ A2 C+ @/ |1 W9 T
$350 million. Every trade he made capitalized on unexpected business developments, which simply can’t be* k5 b) u$ h! @4 x+ i6 w b1 {+ E$ f
pure luck.
0 R7 B: z% ?5 I( ~”The only way he could pull it off is with illegal inside information. He’s going to sit in a jail cell on Rikers0 u; Y9 [( L! P$ m
Island until he agrees to give up his sources.”: L! }5 {# _0 l+ i1 h7 {
The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin/ ~5 S: k4 u5 Z0 s& |
made a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall/ }) h u8 @4 P) M( y3 {
Street watchdogs.
5 E. S. m- O3 f7 H4 j" M# z”If a company’s stock rose due to a merger or technological breakthrough that was supposed to be secret,
u" y* H9 o8 K) D% {: k" m) Q! SMr. Carlssin somehow knew about it in advance,” says the SEC source close to the hush-hush, ongoing
: Q. R0 r$ n3 k' }investigation.6 W9 C4 d* s C- v' e# v
When investigators hauled Carlssin in for questioning, they got more than they bargained for: A mindboggling
. f' [' V' y: G7 Z" l `. }5 tfour-hour confession.- R2 \0 X" o$ G* |3 n
Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common
! K' @. U& I( B1 s, J% [( zknowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with
5 y- M- k* {. q3 A7 vknowledge of the handful of stocks destined to go through the roof could make a fortune. A4 W9 |8 n. |! r n- @1 u
”It was just too tempting to resist,” Carlssin allegedly said in his videotaped confession. “I had planned to
5 F( p3 H' O, Xmake it look natural, you know, lose a little here and there so it doesn’t look too perfect. But I just got caught
0 R6 r: y6 s! u9 u r$ U; ain the moment.” I3 Y, B1 X4 ?
In a bid for leniency, Carlssin has reportedly offered to divulge “historical facts” such as the whereabouts of
4 y# d; M" h H' I3 M, rOsama Bin Laden and a cure for AIDS.
8 L& E+ f+ {$ B1 NAll he wants is to be allowed to return to the future in his “time craft.”
& E) Y3 L/ k5 ?: d5 jHowever, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear
2 W$ {: T2 V: O; a& tthe technology could “fall into the wrong hands.” |
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