"Time Traveller" charged with insider trading

Michael Perelman michael at ecst.csuchico.edu
Mon Mar 31 20:25:03 MST 2003

World Weekly News is very creative in making things like this up.  Wasn't
it that source that had the alien endorse Clinton?

On Tue, Apr 01, 2003 at 01:09:49PM +1000, DAVID MURRAY wrote:
> http://tv.yahoo.com/news/wwn/20030319/104808600007.html?
> Wednesday March 19, 2003
> NEW YORK -- Federal investigators have arrested an enigmatic Wall Street
> wiz on insider-trading charges -- and incredibly, he claims to be a
> time-traveler from the year 2256!
> Sources at the Security and Exchange Commission confirm that 44-year-old
> Andrew Carlssin offered the bizarre explanation for his uncanny success
> in
> the stock market after being led off in handcuffs on January 28.
> "We don't believe this guy's story -- he's either a lunatic or a
> pathological liar," says an SEC insider.
> "But the fact is, with an initial investment of only $800, in two weeks'
> time he had a portfolio valued at over $350 million. Every trade he made
> capitalized on unexpected business developments, which simply can't be
> pure
> luck.
> "The only way he could pull it off is with illegal inside information.
> He's
> going to sit in a jail cell on Rikers Island until he agrees to give up
> his
> sources."
> The past year of nose-diving stock prices has left most investors crying
> in
> their beer. So when Carlssin made a flurry of 126 high-risk trades and
> came
> out the winner every time, it raised the eyebrows of Wall Street
> watchdogs.
> "If a company's stock rose due to a merger or technological breakthrough
> that was supposed to be secret, Mr. Carlssin somehow knew about it in
> advance," says the SEC source close to the hush-hush, ongoing
> investigation.
> When investigators hauled Carlssin in for questioning, they got more
> than
> they bargained for: A mind-boggling four-hour confession.
> Carlssin declared that he had traveled back in time from over 200 years
> in
> the future, when it is common knowledge that our era experienced one of
> the
> worst stock plunges in history. Yet anyone armed with knowledge of the
> handful of stocks destined to go through the roof could make a fortune.
> "It was just too tempting to resist," Carlssin allegedly said in his
> videotaped confession. "I had planned to make it look natural, you know,
> lose a little here and there so it doesn't look too perfect. But I just
> got
> caught in the moment."
> In a bid for leniency, Carlssin has reportedly offered to divulge
> "historical facts" such as the whereabouts of Osama Bin Laden and a cure
> for AIDS.
> All he wants is to be allowed to return to the future in his "time
> craft."
> However, he refuses to reveal the location of the machine or discuss how
> it
> works, supposedly out of fear the technology could "fall into the wrong
> hands."
> Officials are quite confident the "time-traveler's" claims are bogus.
> Yet
> the SEC source admits, "No one can find any record of any Andrew
> Carlssin
> existing anywhere before December 2002."

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu

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