Share manipulation behind Borussia Dortmund bombs

German police say that letters left near the bomb attack of the Borussia Dortmund football team bus implicating ISIS were planted to try to divert from the attacker. A man has been accused of trying to drive the share price of the team down.

Another reason why not to rush to conclusions over incidents when first reported.

BBC: Borussia Dortmund bombs: ‘Speculator’ charged with bus attack

Police in Germany have charged a man suspected of being behind an attack on the Borussia Dortmund team bus.

Rather than having links to radical Islamism, he was a market trader hoping to make money if the price of shares in the team fell, prosecutors say.

The 28-year-old, identified only as Sergej W, was staying in the team’s hotel in a room overlooking the street where the explosion took place.

Police were originally treating the blast as a terrorist attack after letters were found near the site of the attack indicating links to so-called Islamic State (IS). They arrested a 25-year-old Iraqi “with Islamist links” the day afterwards.

However, the following week, investigators cast “significant doubt” on jihadist motivations being behind it.

They said letters found at the scene may have been an attempt to trick people into thinking there was an Islamist motive.

In a statement on Friday (in German), the German federal prosecutor’s office said the 28-year-old, who has German and Russian nationality, had been charged with attempted murder. He was arrested early on Friday near Tübingen in Baden-Wuerttemberg in south-west Germany.

The suspect had allegedly bought options to short-sell 15,000 shares of stock – reportedly priced at €78,000 (£65,000; $83,600) – in Borussia Dortmund. He would have profited from falling share prices after the attack.

Borussia Dortmund’s stock did drop from €5.738 to a low of €5.421 after the attack. Having recovered slightly it slid again after the team was eliminated from the Champions League.

Bizarre. That doesn’t seem like a lot of money considering the risks.

4 Comments

  1. David

     /  April 21, 2017

    Its a news story that a terrorist attack is not perpetrated by a muslim with islamists leanings, I think that says a lot.

    • Except that it wasn’t a terrorist attack.

      A lot of attacks of various sorts never get reported.

      • Brown

         /  April 22, 2017

        Really? If they are not reported how do you know? Because they are so nearly always Muslim its not really news anymore?

        If this bombing is as claimed the offender used a method that is now so common in the west that it was a good distraction as to motive.

  2. David

     /  April 22, 2017

    What term would you use to describe for a roadside IED in the middle of Germany albeit for financial reasons, terror certainly springs to mind when someone tries to blow up your bus.