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Pre-9/11 options scam explained

It looked bad - and it was bad

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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.