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.

Borussia Dortmund bus explosions

Breaking news this morning (discussion already started on other threads):

Stuff: Blasts hits football team bus ahead of Champions League match in Germany

At least three explosions have been reported near the team bus of top German club Borussia Dortmund, injuring one person.

Borussia Dortmund said a person was injured in an incident involving their team bus ahead of their Champions League quarterfinal against Monaco.

German newspaper Bild reported that Spanish defender Marc Bartra had been taken to hospital.

German police stated on Twitter: “In the area of #Dortmund #Hochsten, an #Explosion has taken place. We have strong forces on the ground. The situation is still unclear.”

Three explosive devices were detonated near the Borussia Dortmund team bus, they police later said.

The German side was due to play the French club on Tuesday evening (NZT Wednesday) in the home leg of their quarterfinal tie. The match has been postponed until Wednesday (NZT Thursday).

More information will become known during the (NZ) day.

This is another awful violent event in Europe. It is very difficult to prevent isolated attacks over many countries, and also difficult preventing terrorist attacks from affecting the normal way of life in Europe.