Authorities in Israel are investigating claims by two American law professors who said some investors may have known about Hamas’ plan to attack Israel on October 7 and used that knowledge “to earn millions of dollars by short-selling Israeli shares”, according to a Guardian report on Monday, which cited research by the men who noted that short-selling of an exchange traded fund that broadly tracks the Israeli stock exchange “spiked” dramatically before the attacks, with one saying it was possible that profits from the short-selling could have topped $100 million.
“The Israeli Securities Authority said it was aware of the matter” and that it was being probed by “all the relevant parties”, according to the report, which added that the men’s research found there was an “unusual increase” in “risky” trades just before the attacks. “Our findings suggest that traders informed about the coming attacks profited from these tragic events,” they wrote in a 66-page report.
Read the full report: The Guardian.
ALSO SEE:
Record Number of Chinese Blacklisted for Debt Defaults – FT
Wealthy Families, Private Firms Moving Billions Out of China – NYT
Palm Oil Giant First Resources ‘Tied to Huge Forest Clearing’ – ICIJ
