"The timing indicates bets were placed by those with advance knowledge of the President's action, strongly suggesting illicit trading on insider information, in violation of the Securities and Exchange Act of 1934, the Commodity Exchange Act of 1936, and the Stop Trading on Congressional Knowledge (STOCK) Act of 2012."
"This activity marks the latest in a series of well-timed, large-volume trades made right before the President announced the next actions of the United States in the Iran war."
"For example, on March 23, investors sold over $500 million in oil futures, while simultaneously, $1.5 billion in S&P 500 E-mini Futures were bought less than two minutes before the President announced a delay in attacks on Iran's energy infrastructure."
"Similarly, less than three hours before President Trump announced a two-week ceasefire with Iran on April 7, speculators placed an approximately $950 million bet in."
Rep. Sam Liccardo has raised concerns about possible illegal oil trades made just before President Trump's announcements regarding the Iran war. He highlighted that large trades in crude oil and S&P 500 E-mini Futures occurred immediately prior to these announcements, suggesting insider trading. Liccardo pointed out specific instances, including a $500 million sale of oil futures and a $1.5 billion purchase of S&P 500 E-mini Futures just minutes before a delay in military action was announced. He called for regulatory scrutiny of these transactions.
Read at San Jose Inside
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