Headlines Soccer

German Officials: Borussia Dortmund bombing suspect tried to profit off death

BERLIN — According to German officials, a 28-year-old German-Russian citizen took out a five-figure loan to bet that Borussia Dortmund shares would drop.  The suspect then bombed the team’s bus in an attack he tried to disguise as act of Islamic terrorism in a plot to make millions.

As Dortmund’s bus was heading to the team’s stadium for their Champions League match on April 11, three blasts went off, injuring a police officer and Dortmund’s Marc Bartra.  Investigators found notes claiming responsibility on behalf of Islamic extremists, but determined that the were inauthentic.

Spokeswoman Frauke Koehler said in a press conference Friday that the suspect had raised red flags with investigators by purchasing shares in Borussia Dortmund on the same day as the bus bombing.

Days before the attack, the suspect took out a loan of “several tens of thousands” of euros and put the loan towards put options, betting on Dortmund’s drop in share price.

“A significant share price drop could have been expected if a player had been seriously injured or even killed as a result of the attack,” according to prosecutors.  “We’d like to think that the suspect is responsible for the attack on the team bus. We were put on to the suspect’s tracks by suspicious option deals. He in total bought three different derivatives and gambled on falling stock prices. He bought the majority of the derivatives on April 11, the day of the attacks. The suspect took out a loan over several €10,000. His profit would have increased all the lower the stocks would have dropped. We can’t say right now how high the profit could have been exactly.”

German federal prosecutors say that the suspect, Sergej W., was arrested Friday in Baden-Wurttemberg.  He faces charges of attempted murder, causing and explosion, and causing serious bodily harm.


0 comments on “German Officials: Borussia Dortmund bombing suspect tried to profit off death

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s