Good lord; bad enough we have to deal with ISIS, now we have short sellers planting bombs
/Attacker of German soccer players bought puts on the team just before the explosion.
The 28-year-old suspect, identified as Sergej W., took out a loan on April 3 to finance the purchase of 15,000 “put options” in Borussia Dortmund, Germany’s top prosecutors said in a statement. The suspect would have profited if the soccer team’s share price had fallen in response to the attack on April 11.
“A massive fall in the stock of Borussia Dortmund would have brought a profit representing a multiple of the investment,” the prosecutor’s statement said. “A significant fall in the stock price would have been expected if after the attack players were seriously injured or even killed.”
You guys.