9-11 Mossad Agents Admit Mission
by Christopher Bollyn
Israeli Agents Nabbed On 9-11 Admit:
“Our Purpose Was To Document The Event”
http://www.erichufschmid.net/TFC/Bol...-Israelis.html
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9-11 Mossad Agents Admit Mission
by Christopher Bollyn
Israeli Agents Nabbed On 9-11 Admit:
“Our Purpose Was To Document The Event”
http://www.erichufschmid.net/TFC/Bol...-Israelis.html
9-11 Mossad Agents Admit Mission
by Christopher Bollyn
Israeli Agents Nabbed On 9-11 Admit:
“Our Purpose Was To Document The Event”
http://www.erichufschmid.net/TFC/Bol...-Israelis.html
"Yep, they did it!"Quote:
Originally Posted by mamboni
Between August 26th and September 11th 2001, a group of financial speculators identified as Israeli citizens by the SEC, short sold 38 stocks and purchased put options in mass on Merrill Lynch, Morgan Stanley, AIG, Swiss Re and Munich Re Insurance, United Airlines and American Airlines. All of these companies were directly involved with the 9/11 attacks. The Israeli speculators were never investigated any further . . .
http://wakeupfromyourslumber.com/blog/crimes-zion/911-israels-grand-deception
Big-ass Chutzpah! Not only commit the greatest false flag terrorist attack in the history of mankind, also have the nerve of providing the very evidence in terms of financial transactions on the bourse of the attacked country. Who were these Israeli's?Quote:
Originally Posted by mamboni
It doesn't say; its source is an article from "Walter Storch" who writes for TBR News, aka "The Voice from the White House."Quote:
Originally Posted by Neuro
But we won't ever know, because although the government investigated this and asked the SEC to look over its records to see who profited, the SEC destroyed those records.
Here's something from Washington's Blog that is pretty detailed, and some of its sources are even from the mainstream media:
the SEC: Government Destroyed Documents Regarding Pre-9/11 Put Options
On September 19, 2001, CBS reported:Sources tell CBS News that the afternoon before the attack, alarm bells were sounding over unusual trading in the U.S. stock options market.On September 29, 2001, the San Francisco Chronicle pointed out:
An extraordinary number of trades were betting that American Airlines stock price would fall.
The trades are called “puts” and they involved at least 450,000 shares of American. But what raised the red flag is more than 80 percent of the orders were “puts”, far outnumbering “call” options, those betting the stock would rise.
Sources say they have never seen that kind of imbalance before, reports CBS News Correspondent Sharyl Attkisson. Normally the numbers are fairly even.
After the terrorist attacks, American Airline stock price did fall obviously by 39 percent, and according to sources, that translated into well over $5 million total profit for the person or persons who bet the stock would fall.
***
At least one Wall Street firm reported their suspicions about this activity to the SEC shortly after the attack.
The same thing happened with United Airlines on the Chicago Board Options Exchange four days before the attack. An extremely unbalanced number of trades betting United’s stock price would fall — also transformed into huge profits when it did after the hijackings.
“We can directly work backwards from a trade on the floor of the Chicago Board Options Exchange. The trader is linked to a brokerage firm. The brokerage firm received the order to buy that ‘put’ option from either someone within a brokerage firm speculating, or from one of the customers,” said Randall Dodd of the Economic Strategy Institute.
U.S. investigators want to know whether Osama bin Laden was the ultimate “inside trader” — profiting from a tragedy he’s suspected of masterminding to finance his operation. Authorities are also investigating possibly suspicious trading in Germany, Switzerland, Italy and Japan.
“Usually, if someone has a windfall like that, you take the money and run,” said the source, who spoke on condition of anonymity. “Whoever did this thought the exchange would not be closed for four days.The Chronicle illustrated the story with the following chart:
“This smells real bad.”
***
There was an unusually large jump in purchases of put options on the stocks of UAL Corp. and AMR Corp. in the three business days before the attack on major options exchanges in the United States. On one day, UAL put option purchases were 25 times greater than the year-to-date average. In the month before the attacks, short sales jumped by 40 percent for UAL and 20 percent for American.
***
Spokesmen for British securities regulators and the AXA Group also confirmed yesterday that investigations are continuing.
The source familiar with the United trades identified Deutsche Banc Alex. Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of the options.
***
Last weekend, German central bank president Ernst Welteke said a study pointed to “terrorism insider trading” in those stocks.
http://imgs.sfgate.com/c/pictures/20...rlinestock.jpg
On October 19, 2001, the Chronicle wrote:On Oct. 2, Canadian securities officials confirmed that the SEC privately had asked North American investment firms to review their records for evidence of trading activity in the shares of 38 companies, suggesting that some buyers and sellers might have had advance knowledge of the attacks.
Afterword: Footnote 130 to chapter 5 of the official 9/11 Commission Report states:*** FMR Corp. spokeswoman Anne Crowley, said her firm — which owns the giant Fidelity family of mutual funds in Boston — has already provided “account and transaction” information to investigators, and had no objection to the new procedures announced yesterday.So the effort to track down the source of the puts was certainly quite substantial.
Crowley declined to describe the nature of the information previously shared with the government.
What were the results and details of the investigation?
Apparently, we’ll never know.
Specifically, David Callahan – executive editor of SmartCEO – submitted a Freedom of Information Act request to the SEC regarding the pre-9/11 put options.
The SEC responded:This letter is in response to your request seeking access to and copies of the documentary evidence referred to in footnote 130 of Chapter 5 of the September 11 (9/11) Commission Report. ***If the SEC had responded by producing documents showing that the pre-9/11 put options had an innocent explanation (such as a hedge made by a smaller airline), that would be understandable.
We have been advised that the potentially responsive records have been destroyed.
If the SEC had responded by saying that the documents were classified as somehow protecting proprietary financial information, I wouldn’t like it, but I would at least understand the argument.
But destroyed? Why? (See Afterword for additional details.)
Not the First Time
This is not the first destruction of documentary evidence related to 9/11.
I wrote in March:As I pointed out in 2007:The 9/11 Commission Report was largely based on a third-hand account of what tortured detainees said, with two of the three parties in the communication being government employees.The official 9/11 Commission Report states:Chapters 5 and 7 rely heavily on information obtained from captured al Qaeda members. A number of these “detainees” have firsthand knowledge of the 9/11 plot. Assessing the truth of statements by these witnesses-sworn enemies of the United States-is challenging.In other words, the 9/11 Commissioners were not allowed to speak with the detainees, or even their interrogators. Instead, they got their information third-hand.
Our access to them has been limited to the review of intelligence reports based on communications received from the locations where the actual interrogations take place. We submitted questions for use in the interrogations, but had no control over whether, when, or how questions of particular interest would be asked. Nor were we allowed to talk to the interrogators so that we could better judge the credibility of the detainees and clarify ambiguities in the reporting.
The Commission didn’t really trust the interrogation testimony. For example, one of the primary architects of the 9/11 Commission Report, Ernest May, said in May 2005:We never had full confidence in the interrogation reports as historical sources.[SNIP]
Highly publicized allegations of insider trading in advance of 9/11 generally rest on reports of unusual pre-9/11 trading activity in companies whose stock plummeted after the attacks. Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. [::)]For example, the volume of put options- investments that pay off only when a stock drops in price-surged in the parent companies of United Airlines on September 6 and American Airlines on September 10-highly suspicious trading on its face. Yet, further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specific U.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. These examples typify the evidence examined by the investigation. The SEC and the FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous. Joseph Cella interview (Sept. 16, 2003; May 7, 2004; May 10-11, 2004); FBI briefing (Aug. 15, 2003); SEC memo, Division of Enforcement to SEC Chair and Commissioners, “Pre-September 11, 2001 Trading Review,” May 15, 2002; Ken Breen interview (Apr. 23, 2004); Ed G. interview (Feb. 3, 2004).Did the Commission have full access to information regarding put options? Was the Commission misled, as it was on other issues? Was evidence destroyed or fabricated? We will never know, as the underlying documents have – according to the SEC – been destroyed.
So I wonder if this "investor" ever collected his/her profits?
Suspicious profits sit uncollected
Airline investors seem to be lying low
Saturday, September 29, 2001
Investors have yet to collect more than $2.5 million in profits they made trading options in the stock of United Airlines before the Sept. 11 terrorist attacks, according to a source familiar with the trades and market data.
The uncollected money raises suspicions that the investors -- whose identities and nationalities have not been made public -- had advance knowledge of the strikes.
"Usually, if someone has a windfall like that, you take the money and run," said the source, who spoke on condition of anonymity. "Whoever did this thought the exchange would not be closed for four days.
"This smells real bad."
The source and others in the financial industry speculate that the purchaser or purchasers -- having initially assumed the money could be picked up without detection -- now fear exposure, or that the account has been frozen.
The markets were closed for four days after the attack, giving investigators time to notice the anomalous trades.
Securities regulators and law-enforcement agents throughout the United States and Europe are investigating unusual patterns in short sales and the purchase of "put" options, both of which are financial-market bets that the price of a given stock will fall.
Authorities here and abroad have not publicly disclosed any conclusions they have reached and refuse to discuss the case.
There was an unusually large jump in purchases of put options on the stocks of UAL Corp. and AMR Corp. in the three business days before the attack on major options exchanges in the United States.
On one day, UAL put option purchases were 25 times greater than the year-to-date average. In the month before the attacks, short sales jumped by 40 percent for UAL and 20 percent for American.
A put option gives the buyer a right to sell the underlying security at a certain price on a certain date; the purchaser profits when the share price drops lower than the agreed sale price. In a short sale, an investor borrows stock from a broker and sells it, hoping to buy it back at a lower price.
October series options for UAL Corp. were purchased in highly unusual volumes three trading days before the terrorist attacks for a total outlay of $2,070; investors bought the option contracts, each representing 100 shares, for 90 cents each. Those options are now selling at more than $12 each. There are still 2,313 so-called "put" options outstanding, according to the Options Clearinghouse Corp.
Other financial professionals have told The Chronicle that an estimated $5 million to $10 million in all could have been made on the trades, including trading on other days and purchases of options on the parent company of American, AMR Corp. Four United and American aircraft crashed in the attacks.
[Get ready for the sheeple re-direct...from Israel:]
BIN LADEN'S FINANCES
Meanwhile, in Herzliya, Israel, a group headed by former Israeli intelligence officials -- the Interdisciplinary Center, a counter-terrorism think tank -- has issued a report on Osama bin Laden's finances ("Black Tuesday: The World's Largest Insider Trading Scam?") saying insiders profited by nearly $16 million.
The money was made on Sept. 6, 7 and 10 in transactions involving United, American, Morgan Stanley Dean Witter & Co. and Merrill Lynch & Co., the center said. Morgan Stanley occupied 22 floors of the World Trade Center; Merrill Lynch's headquarters offices were nearby.
The figure excluded other unusual trades involving insurance companies with significant exposure to damage claims resulting from the attacks. These include Munich Re of Germany, which expects to pay out more than $1.5 billion, and the AXA Group, a French firm, which could be on the hook for $550 million.
A spokesman for the Securities and Exchange Commission declined to comment on a New York Times report yesterday that the SEC had found "benign" explanations for the trading activity.
But the spokesman, John Heine, said the commission stands by a statement made eight days after the attack by Stephen M. Cutler, acting SEC enforcement director. The statement -- reiterated in substance Wednesday by SEC Chairman Harvey Pitt -- said the commission was "pursuing all credible leads."
SHORT-SELLING OF INSURANCE
Spokesmen for British securities regulators and the AXA Group also confirmed yesterday that investigations are continuing.
The source familiar with the United trades identified Deutsche Banc Alex. Brown, the American investment banking arm of German giant Deutsche Bank, as the investment bank used to purchase at least some of the options. Rohini Pragasam, a bank spokeswoman, declined comment.
Investigators' attentions previously had been drawn to Germany because of the residence there earlier in the year of some of the principal suspects in the Sept. 11 attacks and unusual patterns in the short-selling of insurance, airline and other financial company stocks there prior to the attacks.
Last weekend, German central bank president Ernst Welteke said a study pointed to "terrorism insider trading" in those stocks.
There are many reasons the bets against United and American could have been innocent, in view of the tough time the airline industry has had this year and heavy losses experienced by both airlines in particular. But the trades were not replicated in the stocks or options of any of the airlines' competitors.
CANDIDATES LIVE IN ARAB NATIONS
While the identities of possible beneficiaries of advance knowledge of the attacks were not known publicly, experts were quick to point to possible candidates -- all presumed to be affluent residents of Arab nations. [::)]
The former chairman of the State Department's National Commission on Terrorism, L. Paul Bremer, said he obtained classified government analyses early last year of bin Laden's finances confirming the assistance of affluent Middle Easterners.
It looks like they hadn't as of October 2001, according to this UK Independent article which looks to be scrubbed from their website:Quote:
So I wonder if this "investor" ever collected his/her profits?
Mystery of terror 'insider dealers'
By Chris Blackhurst
Sunday, 14 October 2001
Share speculators have failed to collect $2.5m (£1.7m) in profits made from the fall in the share price of United Airlines after the 11 September World Trade Centre attacks.
The fact that the money is unclaimed more than a month later has re-awakened investigators' interest in a story dismissed as coincidence.
It may be that investors who were able to predict the share price crash so skilfully are reluctant to be seen profiting from tragedy.
But investigators now wonder whether there is a more sinister explanation.
The authorities are examining the possibility that if they knew what was coming, traders were intent on taking their profits immediately, before regulators had woken up to any possible scam.
But investors failed to foresee that the first response of the US stock markets to the disaster was to suspend all trading for four days, thereby denying them the chance of cashing in their profits.
Further details of the futures trades that netted such huge gains in the wake of the hijackings have been disclosed. To the embarrassment of investigators, it has also emerged that the firm used to buy many of the "put" options – where a trader, in effect, bets on a share price fall – on United Airlines stock was headed until 1998 by "Buzzy" Krongard, now executive director of the CIA.
Until 1997, Mr Krongard was chairman of Alex Brown Inc, America's oldest investment banking firm. Alex Brown was acquired by Bankers Trust, which in turn was bought by Deutsche Bank. His last post before resigning to take his senior role in the CIA was to head Bankers Trust – Alex Brown's private client business, dealing with the accounts and investments of wealthy customers around the world.
There is no suggestion that Mr Krongard had advance knowledge of the attacks. [::)]
Between 6 and 7 September, the Chicago Board Options Exchange saw purchases of 4,744 "put" option contracts in UAL versus 396 call options – where a speculator bets on a price rising. Holders of the put options would have netted a profit of $5m (£3.3m) once the carrier's share price dived after 11 September. On 10 September, more trading in Chicago saw the purchase of 4,516 put options in American Airlines, the other airline involved in the hijackings. This compares with a mere 748 call options in American purchased that day. Investigators cannot help but notice that no other airlines saw such trading in their put options.
It was not just airlines that were targeted by remarkably canny investors. One of the biggest occupants of the World Trade Centre was Morgan Stanley, the investment bank. In the first week of September, an average of 27 put option contracts was bought each day in its shares. The total for the three days before the attacks was 2,157. Merrill Lynch, anotherWTC tenant, saw 12,215 put options bought in the four days before the attacks, when the previous days had seen averages of 252 contracts a day.
So because these traders had no connection with Al Qaeda, they were presumed innocent, and the records were destroyed! Doesn't records of financial transactions have to be kept for 10 years, or more for tax purposes? But these were destroyed almost immediately... Does this mean they didn't even have to pay capital gains tax on their windfall profit of the 9/11 puts?
I'm pretty sure you're right about that, but that's just the "law" for us useless eaters.Quote:
Originally Posted by Neuro
I seriously doubt it. http://www.freesmileys.org/smileys/smiley-angry021.gifQuote:
Does this mean they didn't even have to pay capital gains tax on their windfall profit of the 9/11 puts?