Crooked stock market investor pretended to be Islamic “terror” bomber

❝ A 28-year-old German-Russian citizen took out a five-figure loan to bet that Borussia Dortmund shares would drop, then bombed the soccer team’s bus in an attack he tried to disguise as Islamic terrorism in a scheme to net millions…

The suspect, identified only as Sergej W. in line with German privacy laws, was arrested by a police tactical team early Friday near the southwestern city of Tuebingen…

❝ …Prosecutors’ spokeswoman Frauke Koehler told a news conference Friday…the man came to the attention of investigators because he had made “suspicious options purchases” for shares in Borussia Dortmund, the only top-league German club listed on the stock exchange, on the same day as the April 11 attack.

❝ W. had taken out a loan of “several tens of thousands of euros” days before the attack and bought a large number of so-called put options, betting on a drop in Dortmund’s share price, she said.

“A significant share price drop could have been expected if a player had been seriously injured or even killed as a result of the attack,” according to prosecutors…

❝ Investigators found notes at the scene claiming responsibility on behalf of Islamic extremists, which Germany’s top security official, Interior Minister Thomas de Maiziere, said was a “particularly perfidious way to toy with people’s fears…”

“The fact that someone wanted to enrich himself by killing people to influence the stock market is particularly reprehensible,” he said.

Adds new meaning to “making a killing in the stock market”.

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