Fact Check: https://www.snopes.com/fact-check/put-paid/
‘Dimitrios worked as a middle-man, always knew where to put his hands on weapons and people who could use them. He worked with anyone who had money. For years he was involved with a man we knew as Le Chiffre, a private banker to the world’s terrorists. He invested their money and gave them access to wherever they wanted. Albanian we believe. A chess prodigy and a bit of a mathematical genius who liked to prove it playing poker. When they analysed the stock market after 9/11, the CIA discovered a mass of shorting of airline stocks. When the stocks hit bottom on 9/12, somebody made a fortune. The same thing happened to Skyfleet stock, or was supposed to. With their prototype destroyed their company would be near bankruptcy. Instead, somebody lost $100 million betting the wrong way’. – said M to Bond, Casino Royale
This scene is reminiscent of a typical far-fetched and action-packed James Bond storyline that sees him taking down yet another villainous mastermind that is trying to take over the world. Simply yet another incongruous fantasy to most, or is it? In this piece I will be highlighting the idea that this fantasy plot was actually based off circumstances surrounding 9/11. This is the alleged story of how multi-millions were made off the most shocking terrorist catastrophe in human history.
Known as the 9/11 advanced-knowledge conspiracy theory, it claims that a handful of informed investors used inside information for criminal transactions in the region of $100 million, apparently confirmed by data collected from damaged hard drives from the World Trade Centre (WTC). However, the 9/11 Commission stated that the FBI agents they asked expressed that it was ‘extremely unlikely that any hard-drives survived to the extent that data could be recovered’, and that they had ‘no knowledge of the reported hard-drive recovery effort’.
Works by Professor Allen Poteshman in 2006, a Swiss team of financial experts in 2010 as well as analysis by an international team of experts in April of that same year, all concluded that there were indeed abnormal increases in trading volume of put options – investments that pay off only when a stock drops in price – with specific references to the companies United Airlines (UAL), on September 6, and American Airlines (AA), on September 10. These activities were, as cited in a study published in The Multinational Financial Journal in 2011, ‘consistent with bearish speculative trading strategies’ and ‘provided credible circumstantial evidence to support of the insider trading claim’. However, the 9/11 Commission concluded that it was a single US-based institution investor with ‘no conceivable ties with Al-Qaeda’ who purchased 95% of the UAL stocks that also included buying 115,000 shares of AA.
Further proposed ‘evidence’ is that 56,000 shares of STRATESCE Incorporate Strategic Securities – who provided security services for places including Dulles Airport (where the hijack took place) – were purchased days before the attack. These shares then doubled in value on opening of the stock market some 6 days later on September 17, generating profits northwards of $50,000. The owners of these stocks, a Mr and Mrs Wirt Walker were business partners of Marvin Bush, the President’s brother. The FBI however cleared the Walkers as they had ‘no ties to terrorism’ and stated that their ties to the Carlyle Group Incorporation, who had Bin Laden family members as investors, were not relevant.
No matter where you stand or what your beliefs, the shifty world of politics and international relations will never be a clear shade of black or white, but a murky shade of grey with the truth lying somewhere in the middle.