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-   -   Time-travelling insider caught! (http://www.ironworksforum.com/forum/showthread.php?t=84906)

WillowIX 03-28-2003 05:22 AM

An early april fools joke perhaps but still. :D

Full article: http://tv.yahoo.com/news/wwn/20030319/104808600007.html

Quote:

"But the fact is, with an initial investment of only $800, in two weeks' time he had a portfolio valued at over $350 million. Every trade he made capitalized on unexpected business developments, which simply can't be pure luck.

Carlssin declared that he had traveled back in time from over 200 years in the future, when it is common knowledge that our era experienced one of the worst stock plunges in history. Yet anyone armed with knowledge of the handful of stocks destined to go through the roof could make a fortune.

Officials are quite confident the "time-traveler's" claims are bogus. Yet the SEC source admits, "No one can find any record of any Andrew Carlssin existing anywhere before December 2002."
Just some snips from the article. Turning $800 to $350 millions in two weeks would have required plenty of excellent sources though. It´s K-Pax all over again! Mind numbing really. I say get the AIDS information and check it. If it´s correct send the guy home. :D

Ar-Cunin 03-28-2003 05:49 AM

Definately false - but still amusing [img]smile.gif[/img]

Azred 03-28-2003 09:23 AM

<font color = lightgreen>Definitely false. Any time-traveller having even a sliver of common sense would not speculate in stocks. Instead, he would go back and pick up things like original Mozart scores, Stradivarius violins, Van Gogh paintings, etc., store them in a safe place, and then sell them at Sotheby's. [img]graemlins/awesomework.gif[/img] [img]tongue.gif[/img] </font>

Gnarf 03-28-2003 12:35 PM

Would be cool if it's true though... no one's proven it to be false yet, right? Guess no one'll mind if I believe him... just for a little while [img]tongue.gif[/img]

Kakero 03-28-2003 09:56 PM

definitely false, if it was true, he would keep quiet about it. A lot of people would kill him to get that thing.

sageridder 03-29-2003 01:40 AM

Lets suppose for a laugh this was possibly true.When he studied this time wouldn't he have found out about his own arrest?Maybe this a Darwin award from the future.

SolitaryHacker 03-29-2003 06:50 PM

thats a load of shit, just like everything else from weekly world news, think of it, if this WAS true, we definetly wouldve heard something about it on the news [img]graemlins/arcadefreak.gif[/img]

Kaltia 03-30-2003 02:43 PM

Weird...
Solitary, watch your language. We have kids as young as twelve here.

Sigmar 03-30-2003 02:51 PM

I beleive it. Hell why not, as they a persons innocent until proven guilty. Until they find proof that he's not from the future they can't say otherwise :D

Mind you the story might not be true in the first place but thats a differant matter altogether.

What I want to know from that guy is, if they use the three sea shells in the future (only fans of the movie "Demolition man" will get this :D )

[ 03-30-2003, 02:52 PM: Message edited by: Sigmar ]

Memnoch 03-31-2003 04:20 AM

It's an original defence, to say the least. :D

SolitaryHacker, watch your language and more importantly your attitude. Leave it at the door or don't walk in. In fact it WAS on the news - just because you didn't hear about it doesn't mean it didn't happen. Clear? Good. [img]smile.gif[/img]

[ 03-31-2003, 04:25 AM: Message edited by: Memnoch ]

LordKathen 03-31-2003 08:48 AM

<font color=steelblue>I dont remember this new user being welcomed. Solitary Hacker. Heed the advice of Chocs soldiers, and welcome. [img]tongue.gif[/img] [img]graemlins/hehe.gif[/img] :D </font>

Donut 03-31-2003 10:32 AM

Yes welcome to IW Solitary.

But don't swear or you'll get uss a bad reputation.

Thorfinn 03-31-2003 10:40 AM

Doesn't anyone else have at least a teensy problem with this? I thought that the police could not hold you for a crime without specific evidence that a crime was committed. Leaving aside the question of whether insider trading should be a crime or not, there is still the matter that these jackbooted thugs have no evidence whatsoever of his crime, that of knowing things that are not commonly known, with the exception that his success is exceedingly improbable. They are merely locking him up until he confesses. Seems to me there are at least a couple Amendments being broken, let alone that Article I, Section 8 says nothing about SEC or insider trading, anyway.

Then again, the Constitution has become worth little more than toilet paper over the last couple decades...

LordKathen 03-31-2003 10:52 AM

Quote:

Originally posted by Thorfinn:
Doesn't anyone else have at least a teensy problem with this? I thought that the police could not hold you for a crime without specific evidence that a crime was committed. Leaving aside the question of whether insider trading should be a crime or not, there is still the matter that these jackbooted thugs have no evidence whatsoever of his crime, that of knowing things that are not commonly known, with the exception that his success is exceedingly improbable. They are merely locking him up until he confesses. Seems to me there are at least a couple Amendments being broken, let alone that Article I, Section 8 says nothing about SEC or insider trading, anyway.

Then again, the Constitution has become worth little more than toilet paper over the last couple decades...

<font color=steelblue>I am sure TL could comment better here, but, I think they can hold you on suspision, untill further findings. I mean come on, look at the increase in money! My goodness...</font> :D

Thorfinn 03-31-2003 11:03 AM

Yes, but making money in the stock market is not illegal. I don't think they can (or at least should) be prosecuting for suspicion of a crime, but only with specific evidence that a crime had been committed.

I have no problem with holding someone for the 48 hours or whatever, and no problem with denying bail if he is indicted and is a flight risk (as a time traveller would certainly be), but unless you have sufficient evidence to indict, he should still have habeas corpus.

LordKathen 03-31-2003 11:11 AM

<font color=steelblue> We are having lots of problems with the market these days, with Enron, Martha Stewart, etc.. I would say it is illegal to extort or froudulently aquire that kind of gain. Suspision is most of what the system is anyway, it seems to me. </font>

/)eathKiller 03-31-2003 11:15 AM

If he really was from the future he would have forseen himself being arrested... so No I highly doubt it [img]tongue.gif[/img]

Donut 03-31-2003 11:28 AM

Quote:

Originally posted by /)eathKiller:
If he really was from the future he would have forseen himself being arrested... so No I highly doubt it [img]tongue.gif[/img]
Not at all. By coming back he has changed the future. Obviously he has polluted the timeline.

I can't believe that people are questioning this, it seems above board to me.

LordKathen 03-31-2003 11:35 AM

<font color=red> Oh great! Another stockmarket ripple! Whats next? </font> :D [img]graemlins/hehe.gif[/img]

Thorfinn 03-31-2003 11:52 AM

Doesn't apply here, of course, but what would happen if he said that God appeared to him in visions and told him which stocks to pick? Surely you can't be prosecuted for listening to the voices in your head, unless they tell you to chop the neighbor into little bitty pieces, can you?

What difference does it make what his alibi is? Isn't the intent of the court system supposed to be that the government has the burden of proof to show that you have committed some crime? If the government can't show evidence that a specific crime has been committed, and specific evidence of who and how, from a legal point of view, does it matter whether he even has an alibi? (Granted, they are very helpful from an exculpatory point of view, but strictly speaking, should not affect that burden of proof, right?)

[ 03-31-2003, 11:54 AM: Message edited by: Thorfinn ]

Sigmar 03-31-2003 11:56 AM

Quote:

Originally posted by Thorfinn:
does it matter where he gets his information?
It does I suppose, like the actual article itself states he might have obtained the information from illegal sources, they've got to verify wether he qacually accessed a source of information regarding the second to second stock market, or if the information was leaked.

Otherwise yeah there's nothing he can be charged of I believe.

LordKathen 03-31-2003 12:03 PM

Quote:

Originally posted by Thorfinn:
Doesn't apply here, of course, but what would happen if he said that God appeared to him in visions and told him which stocks to pick? Surely you can't be prosecuted for listening to the voices in your head, unless they tell you to chop the neighbor into little bitty pieces, can you?

What difference does it make what his alibi is? Isn't the intent of the court system supposed to be that the government has the burden of proof to show that you have committed some crime? If the government can't show evidence that a specific crime has been committed, and specific evidence of who and how, from a legal point of view, does it matter whether he even has an alibi? (Granted, they are very helpful from an exculpatory point of view, but strictly speaking, should not affect that burden of proof, right?)

<font color=steelblue>It seems to be symantics your relying on here. The level of crime is not relivent. He is under suspicion for a felony level crime. Murder or theft has no relivence in my eyes. He is under investigation of a crime, period. His antics of time travel are most likely either truly dilusional , guilty, or desperate words of a thief, guilty. This is only my [img]graemlins/twocents.gif[/img]
Please ingnore me. :D </font>

Thorfinn 03-31-2003 12:06 PM

Yes, Sigmar, I agree if we assume insider trading is illegal, there is probable cause to issue a warrant for his person and effects, since it is probable he had some special information, not just random luck.

So they should serve the warrants, etc., but if they cannot find evidence of wrongdoing, he should be set free. That is not to say they cannot poke around, and get additional warrants as new evidence comes to light, but locking him up until he confesses is probably unconstitutional. At least it used to be...

Sigmar 03-31-2003 12:19 PM

Quote:

Originally posted by Thorfinn:


So they should serve the warrants, etc., but if they cannot find evidence of wrongdoing, he should be set free. That is not to say they cannot poke around, and get additional warrants as new evidence comes to light, but locking him up until he confesses is probably unconstitutional. At least it used to be...

In theory that's correct, but, they could keep him there on the grounds of the suspicion that he obtained his information through unconventional methods. They're allowed to keep him for a set period of time without incriminating evidence, after that he HAS to be let go. Of course they could then monitor his activities to try and obtain any incriminating evidence.

Hey there's an idea, why don't they let him go and just keeps track of where he goes. Sooner or later if the ship really exists [img]tongue.gif[/img] he would go there and destroy it or something if he's genuinely afraid of it falling the wrong hands. If he escapes into the future well then you have evidence he really was from the future and THAT would really screw up our time line...I wonn't go into the reprucussions of him going further back in time :D


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