Agreed, it wouldn't be insider trading - just fraud - with potential horrible unintended but predictable consequences; of which the person(s) buying the stock around that orchestrated event happens would be complicit in.
There's probably far easier and more lucrative ways for clever criminals to execute on though.
I'm not sure it would even be fraud although obviously blowing up airplanes breaks some laws. But on the finance side if you buy calls on a company and then help it be successful in some way I don't think you have broken any laws.
There's probably far easier and more lucrative ways for clever criminals to execute on though.