'Silence is complicity': UN hears testimony on rape of Israelis by Hamas militants. Live updates
Israeli Ambassador Gildan Erdan said the U.N. and its organizations "completely ignored for almost 60 days" evidence of sex assaults by Hamas.
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Hamas may have profited from stock deals that resulted in hundreds of millions of dollars in profits for traders who short-sold some Israeli issues in advance of Hamas's brutal, Oct. 7 attack.
"Trading on Terror?" a study led by two American researchers, says the traders may have known the attack was coming and would drive some Israeli stocks sharply lower. The report, published in the SSRN journal by Robert Jackson Jr. from New York University and Joshua Mitts of Columbia, does not mention Hamas but found that some traders with advance knowledge may have made hundreds of millions of dollars.
"Our findings suggest that traders informed about the coming attacks profited from these tragic events," the study says. "We do identify a sharp and unusual increase, just before the attacks, in trading in risky short-dated options on these companies."
Shorting a stock involves investing with the expectation a stock will decline in value. Israel Securities Authority told Reuters the issue "is known to the authority and is under investigation by all the relevant parties."
