Pre-9/11 options scam explained
It looked bad – and it was bad
Analysis from the University of Zurich
A forensic accountant and professor of economics at the University of Zurich who identifies suspicious trading patterns for a living says that pre-9/11 options trading set off all the alarms.
Someone cashed in on a massive airline and banking stock position – and the SEC destroyed the records.
In case you need to be told, the SEC destroying records of highly suspicious trading activity is unprecedented in the history of the agency.