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http://www.centurioncounsel.com/ ... Counselor_Q1-03.pdf% K( J3 D0 _3 j% \/ {1 r
‘TIME-TRAVELER’ BUSTED FOR INSIDER TRADING
" Q# }& j4 i3 Y( F3 l8 PWednesday March 19, 2003 By CHAD KULTGEN
& y& k5 m z% VNEW YORK — Federal investigators have arrested an enigmatic Wall Street wiz on insider-trading
' {+ e1 Y8 y3 Scharges — and incredibly, he claims to be a time-traveler from the year 2256!7 A" c8 w: N* O! j. g X
Sources at the Security and Exchange Commission confirm that 44-year-old Andrew Carlssin offered the q6 I9 {$ B4 Y2 G' _
bizarre explanation for his uncanny success in the stock market after being led off in handcuffs on January
$ C1 [) P k3 s `28.* Q; r- V+ A) d& _& a
”We don’t believe this guy’s story — he’s either a lunatic or a pathological liar,” says an SEC insider.7 d! {" d+ Q! x' ~
”But the fact is, with an initial investment of only $800, in two weeks’ time he had a portfolio valued at over0 \) |1 D& z: F4 g) a
$350 million. Every trade he made capitalized on unexpected business developments, which simply can’t be
* |' D: \' k8 B0 o' [5 Rpure luck.
' F x5 \& D( r) [% U2 G' M”The only way he could pull it off is with illegal inside information. He’s going to sit in a jail cell on Rikers+ {/ w8 f& W$ @
Island until he agrees to give up his sources.”
- ^" G+ Q7 n& S# K7 P0 S5 o1 ^The past year of nose-diving stock prices has left most investors crying in their beer. So when Carlssin
) R! r) n) b) }* O9 P5 j$ |1 ymade a flurry of 126 high-risk trades and came out the winner every time, it raised the eyebrows of Wall; M, c: g% z+ O- ?
Street watchdogs.
L H- K3 w8 M”If a company’s stock rose due to a merger or technological breakthrough that was supposed to be secret,
# L7 D8 S& q, x' ~6 AMr. Carlssin somehow knew about it in advance,” says the SEC source close to the hush-hush, ongoing
/ P, I2 s! M0 N* _0 J8 @investigation.* p3 x' { y% w# c4 ]
When investigators hauled Carlssin in for questioning, they got more than they bargained for: A mindboggling
; q1 A% [! H: s+ v) _- ?$ Ofour-hour confession.% t7 X; u+ i$ m h
Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common% n6 _ j! H5 v0 }8 `9 l
knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with9 b' @: a$ ~7 I! e0 [5 b; @
knowledge of the handful of stocks destined to go through the roof could make a fortune.
@$ l) Y0 N$ | ~, s$ I' \ A' V”It was just too tempting to resist,” Carlssin allegedly said in his videotaped confession. “I had planned to
$ [; ~3 N! J. i- u7 \. jmake it look natural, you know, lose a little here and there so it doesn’t look too perfect. But I just got caught8 K1 F' c I# M! ?. h( f
in the moment.”+ o6 }, F2 X; O- w) [! t: ]% G$ k
In a bid for leniency, Carlssin has reportedly offered to divulge “historical facts” such as the whereabouts of# t" Z" Z' S& e" a6 w3 @0 h
Osama Bin Laden and a cure for AIDS.6 i" A7 i% f& x' f& H
All he wants is to be allowed to return to the future in his “time craft.”" }6 V& ^9 G8 e9 R6 J3 z
However, he refuses to reveal the location of the machine or discuss how it works, supposedly out of fear
' |, [" g; @. z7 M5 Jthe technology could “fall into the wrong hands.” |
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