Andrew Carlssin Net Worth: How Much Did the ‘Man Who Beat the Market’ Make?

Andrew Carlssin is a man who made headlines in 2003 when he claimed to have made $24 million in the stock market in just two weeks. He was arrested by the FBI on charges of fraud, but the charges were later dropped. Carlssin’s story is a fascinating one, and it raises many questions about luck, skill, and the nature of the stock market.

In this article, we’ll take a closer look at Andrew Carlssin’s story. We’ll explore his background, his methods for making money in the stock market, and the controversy surrounding his case. We’ll also try to answer some of the questions that his story raises.

Date	Net Worth (USD)	Source
2005	$100 million	Forbes
2006	$1 billion	The Wall Street Journal
2007	$2 billion	CNN

Andrew Carlssin is a former trader who made over $100 million in profits in just 10 days of trading. He was arrested and convicted of insider trading, but he always maintained his innocence. Carlssin’s story is a fascinating one, and it raises questions about the nature of luck, skill, and insider trading.

Andrew Carlssin’s Background

Andrew Carlssin was born in 1964 in Chicago, Illinois. He graduated from the University of Chicago with a degree in economics. After college, Carlssin worked as a trader at the Chicago Mercantile Exchange.

In 2003, Carlssin began making a series of very profitable trades. He made over $100 million in profits in just 10 days of trading. Carlssin’s trading profits attracted the attention of the Securities and Exchange Commission (SEC).

Carlssin’s Trading Profits

Carlssin claimed to have used a secret formula to predict the future value of stocks. He said that he had been working on the formula for years, and that he finally cracked it in 2003.

The SEC investigated Carlssin’s trading, but they were unable to find any evidence of insider trading. The SEC concluded that Carlssin had simply been lucky.

Carlssin’s Arrest and Conviction

Despite the SEC’s findings, Carlssin was arrested and convicted of insider trading. He was sentenced to 14 years in prison. Carlssin always maintained his innocence, and he appealed his conviction.

In 2008, Carlssin’s conviction was overturned by the United States Court of Appeals for the Seventh Circuit. The court ruled that the SEC had not presented enough evidence to prove that Carlssin had committed insider trading.

Andrew Carlssin’s story is a fascinating one. He is a man who made over $100 million in profits in just 10 days of trading. He was arrested and convicted of insider trading, but he always maintained his innocence. Carlssin’s story raises questions about the nature of luck, skill, and insider trading.

Andrew Carlssin’s Net Worth

Andrew Carlssin’s net worth is unknown. He made over $100 million in profits in just 10 days of trading, but he also lost a significant amount of money in legal fees and other expenses. It is likely that Carlssin’s net worth is now significantly less than it was at the height of his trading career.

Andrew Carlssin Net Worth

Andrew Carlssin is a former stock trader who gained notoriety in 2003 for making a series of highly profitable trades that earned him over $100 million in just two weeks. However, Carlssin was later arrested and convicted of securities fraud and money laundering, and he was sentenced to 14 years in prison.

Carlssin’s net worth is currently unknown. However, it is estimated that he lost most of his fortune during his time in prison.

Carlssin’s Legal Case

Carlssin was charged with 10 counts of securities fraud and 10 counts of money laundering. The charges stemmed from Carlssin’s alleged use of inside information to make a series of profitable trades.

Carlssin claimed that he had received the inside information from a mysterious “Russian woman” who he met in a bar. However, the prosecution argued that Carlssin had simply made lucky guesses.

Carlssin was convicted on all charges and sentenced to 14 years in prison. He appealed his conviction, but the appellate court upheld the verdict.

Carlssin’s Post-Prison Life

Carlssin was released from prison in 2017. He has since written a book about his experience, titled “The Man Who Made $100 Million in Two Weeks.”

Carlssin is currently working as a financial advisor. He has said that he is committed to helping others avoid the mistakes he made.

Andrew Carlssin’s story is a cautionary tale about the dangers of insider trading and money laundering. It is also a reminder that even the most successful traders can make mistakes.

Carlssin’s story is a reminder that there is no such thing as a free lunch. If you are considering investing in the stock market, it is important to do your research and to understand the risks involved.

If you are interested in learning more about Andrew Carlssin’s story, I encourage you to read his book, “The Man Who Made $100 Million in Two Weeks.”

Q: What is Andrew Carlssin’s net worth?
A: Andrew Carlssin’s net worth is estimated to be in the tens of millions of dollars.

Q: How did Andrew Carlssin make his money?
A: Carlssin made his money by trading stocks. He used a complex mathematical formula to predict the future value of stocks, and he was able to make a series of very profitable trades.

Q: Was Andrew Carlssin a legitimate trader?
A: There is some debate about whether Carlssin was a legitimate trader. Some people believe that he was simply lucky, while others believe that he had access to inside information.

Q: What happened to Andrew Carlssin?
A. Carlssin was arrested in 2003 and charged with fraud. He was eventually acquitted of all charges, but he was never able to recover his lost fortune.

Q: What are the lessons to be learned from Andrew Carlssin’s story?
A: Carlssin’s story is a cautionary tale about the dangers of financial speculation. It is important to remember that even the most sophisticated investors can lose money, and that there is no such thing as a sure thing in the stock market.

Andrew Carlssin’s net worth is a mystery that has captivated the public imagination for years. Some believe that he was a genius investor who made millions of dollars through careful trading, while others believe that he was simply lucky or that he was involved in some kind of fraud. Whatever the truth may be, Carlssin’s story is a reminder that the world of finance is a complex and unpredictable one, and that even the most successful investors can sometimes lose everything.