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April 25, 2004: Academic Paper Determines 9/11 Insider Trading Not Due to Chance

2004-04-25

Allen Poteshman, a professor of finance at the University of Illinois, publishes a paper demonstrating that the insider trading in options on United and American airline stocks indicates someone profited from foreknowledge of 9/11. Poteshman concludes, “There is evidence of unusual option market activity in the days leading up to September 11.” [Poteshman, 3/10/2004 pdf file; Chicago Tribune, 4/25/2004]