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Fishy trades before major news spark insider trading allegations
- On Monday, oil and S&P 500 futures saw an unusual trading spike just 15 minutes before President Donald Trump posted on Truth Social that talks with Iran were "very productive."
- Six accounts on Polymarket made $1.2 million betting on a February 28 U.S. attack on Iran, while an individual netted more than $400,000 on Venezuelan leader Nicolas Maduro's ouster in January.
- "Seeing large transactions like these before an announcement is a little suspicious," said oil analyst Michael Lynch, while Jordan Libowitz, vice president of the ethics watchdog Crew, expressed concerns about government accountability.
- On Thursday, a group of congressional Democrats introduced a bill to ban bets on elections, government actions, war, and sports, as Republican Jeremy Munson demanded that "someone needs to be publicly shamed for insider trading."
- A White House spokesperson denied any evidence linking officials to the trades, though Mark Neuman, chief investment officer at Hero Asset Management, argued lax oversight allows such activity: "If there were stricter regulators in this country, we would find out.
37 Articles
37 Articles
‘Unreal’: Trump directly called out for alleged market manipulation by unlikely source
President Donald Trump has faced repeated accusations of market manipulation amid his administration’s ongoing war against Iran, but on Sunday, a new critic emerged, and one whose observations stunned onlookers.Trump has made a number of well-timed social media posts regarding updates on the Iran wa...
Traders Made Hundreds of Millions in Suspiciously Timed Iran Bets
Stock traders made oil bets totaling in the nine figures in a two-minute period just over a half hour before President Donald Trump revealed there had been “productive conversations” between […] The post Traders Made Hundreds of Millions in Suspiciously Timed Iran Bets appeared first on The Western Journal.
InsideNoVA.com
Fishy trades before major news spark insider trading allegations
Unusual bursts of trading on the oil and stock markets this week, just minutes before social media posts on the Iran war by President Donald Trump, have added to suspicions of insider trading linked to his administration.
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