Early in her career, Hillary was allowed to order 10 Cattle Futures Contracts, normally a $12,000.00 investment in her first commodity trade back in 1978, although she only had $1000. in her account at the time.
Records show that over 10 months, she turned her investment into nearly $100,000.00 relying heavily on advice from her friend James B. Blair, an experienced futures trader.
Many consider this record of transactions and others, as evidence of Hillary doing purchases based on Insider Trading, which was illegal at the time, and may still be illegal.
“Many consider this record of transactions and others, as evidence of Hillary doing purchases based on Insider Trading, which was illegal at the time, and may still be illegal.”
She has MUCH better ways of money-laundering now (effectively, by getting “good advice”, probably not any different from betting on a “lock” fixed race at the track), for example, by giving speeches. Zero risk, very little work, and completely legal.
More likely, Hillary’s success was backdated trades.
The trades were recorded much later, when the broker knew the which way the market had already gone.
If so, it was a payoff to Hillary and/or Bill. But, by who? Probably not the broker, but they could have booked backdated losing trades for someone else and balanced their books.
No “Insider Trading” needed. The theory is this:
The broker set up two accounts, one for Hillary, one for Tyson Foods. He then bought futures contracts. At the end of the day, those that made money went into Hillary’s account, those that lost money went into Tyson’s.
After 10 months of doing this, Hillary’s $1,000 was $94K+ and Tyson had their Arkansas Environmental waiver.
(Sorry, no documentation at my fingertips. Any other Freepers have links?)