brokerage accounts, which enabled him to effect secretive transactions—but never anything of this magnitude. He knows something. Donald jotted down country names in the left margin—Cook Islands, Dominica, St. Kitts, Turks and Caicos Islands.
The intricacy of the trades was significant, but not nearly as noteworthy as the sums of money involved—over one billion dollars. This would take days .
“Mr. Quinn, this must be completed before the opening of the Asian markets,” he said, jarring Donald’s attention from the notebook.
“Sir, I believe it is roughly five in the morning in Tokyo. Their markets open in about four hours. The New Zealand and Australian markets open an hour sooner, in roughly three hours,” said Donald.
“Mr. Quinn,” he said sternly, “you are prepared for this, are you not?”
Donald felt flush, taking a moment to respond carefully.
“Yes, sir, I have the systems and procedures in place. It’s the scale of the transactions that concerns me,” said Donald. “Currency trades of this magnitude will have repercussions throughout the global financial system. Although I have total confidence in the structure I have established for you, there is also the possibility of enhanced scrutiny from the Commodity Futures Trading Commission. Taking a six-hundred-million-dollar short position in the euro, coupled with a six-hundred-million-dollar long position in the dollar, will wreak havocs in the equities markets as well.” And I’d rather not return to jail, regardless of how comfortable you can make my stay.
His concerns rose above the scrutiny of the CFTC. The FOREX market was the largest foreign exchange market in the world, with currency changing hands continuously—but the size of these trades would rival the currency manipulations of George Soros. The potential upside was beyond contemplation— more than a billion dollars.
“Mr. Quinn, I have thought through this request thoroughly, and I am fully aware of the potential for international examination. Nevertheless, you will move forward. In addition, you are to short sell all of my positions in the following equities,” he said, listing nearly a dozen U.S. and European companies. He said all . Donald quickly did the math—another four hundred million.
“Yes, sir,” was all Donald could muster.
“I will have you escorted to an office, where you can execute my directives. A secure line is available, and you will have the complete assistance of a member of my staff if needed. Do you have any questions, Mr. Quinn?”
Yeah, what the hell do you know that nobody else does?
“No, sir,” replied Donald.
Donald rose to leave. He took one more glance at his surroundings. So this is how you pay for this stuff?
As if reading Donald’s thoughts, his benefactor added, “I hope your wife and children are doing well.”
Oh yes, very well, thanks to you, sir.
“They are, sir. I thank you for the very generous gift on the birth of our daughter. She will benefit from a Harvard education,” said Donald.
“You’re welcome, Mr. Quinn. There is no substitute,” he said, turning his attention to the view of Boston Common.
That was it. He was dismissed. Donald let himself out without another word and was escorted by a young man to a conference room on the other side of the thirteenth floor. The room was well appointed, featuring a full bar and six wall-mounted televisions.
“May I offer you anything to drink?” asked the young man.
Donald smiled and nodded. With the delivery of the Evian, the young man closed the door and left him alone. He took a quick inventory of the tools at his disposal. Telephones. Old school, but no doubt filtered by the securest encryption technology available. He pulled a chair in front of the phones and thought about Susan and the girls for a moment. They were extremely happy together as a family. Did their happiness come with a heavy price tag? Currency trading was practiced every day, right? Not $1.2
Heather Hiestand, Eilis Flynn