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Trader Drove Up Price of McCain ‘Stock’ on Intrade

By Chuck Ansbacher

Friday October 17, 2008

Trader Drove Up Price of McCain ‘Stock’ on Intrade:

Over the past several weeks, the investor has pushed hundreds of thousands of dollars into one of Intrade’s predictive markets for the presidential election, the company said, resulting in great financial losses through a strategy that belies any financial motive.