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Home Front: Economy
CIA Agents Insider Trade In Penny Stocks With Black Budget Money
2005-04-25
SHARES in a high-fly ing penny stock called Ionatron Inc. had been climbing for months on a steady flow of press releases about the company's opportunities at the sword's point of high technology in the post-9/11 world of homeland defense.
Then suddenly, on March 18, with Ionatron's shares having climbed to a high of $10.41, the company's stock was hit with an avalanche of insider selling, as more than 50 Wall Streeters privy to Ionatron's innermost secrets bailed out of nearly every share of stock they held, knocking more than 30 percent off the price in the days that followed.
Another cautionary tale from the pump-and-dump annals of the penny stock market? In fact, it's a lot more than that, for behind last month's bailout at Arizona-based Ionatron Inc. lies an astonishing tale of taxpayer-financed intrigue on capitalism's street of dreams.
In reality, nearly every one of the more than four dozen insiders who dumped their Ionatron shares on March 18 have now been identified by The Post as employees of a secretive, Arlington, Va., investment group that is owned, operated and financed out of the black box budget of the U.S. Central Intelligence Agency.
Much more at link. This really reaches new heights in breaking the law. DIRCIA had better heavily purge before the indictments start flowing. Either that, or it's going to be one HECK of a cover-up.
Posted by:Anonymoose

#1  They have to finance their black operations somehow, y'know.

/end excuse mongering
Posted by: trailing wife   2005-04-25 7:13:43 PM  

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