UK trader arrested for May 2010 U.S. Stock market flash crash

I wonder if he is legally forbidden to trade? After all it looks like the whole process is going to take years (I am guessing 2 years more as a minimum), so since his money is tied up, he needs to have funds for lawyers and living. If he can't trade personally, a foreigner with funds could still hire him as an advisor and do the spoofing, I mean high frequency trading. Somebody from Russia or China. At this point, he has almost nothing to lose....Except the mortgage bond of his parents' house.

The way I see it he has 2 choices:

1. After 2+ years (while nobody would employ him for a decent job in the UK) finally losing the extradition and getting at least 10+ years in the US. All his money is taken away.

2. Moving to a time zone a few hours to the East and getting hired as an advisor to a foreign HF. Pay off parents' debt. Get married. Live happily ever after.
 
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Pekelo said:
so since his money is tied up, he needs to have funds for lawyers and living.
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I think he's allowed to withdraw from the frozen funds his legal expenses (or I may be mistaking with King Dotcom's case)
 
The firm that taught Navinder Sarao, the alleged Flash Crash trader, how to play the markets has gone bust after one of its largest traders took out an injunction against it, having been told that he was unable to withdraw millions of pounds of his own money from it.

Futex is understood to have called in administrators last month after the action taken by Gabriele Gandini, an algorithmic trader who told the firm that he wanted to leave.

The City of London-based business came to prominence last year after it was revealed as the place where Mr Sarao learned to

http://www.thetimes.co.uk/article/firm-where-flash-crash-trader-first-worked-fails-sl8h87s7p

http://www.futex.co.uk/testimonials.php
 
just21 said:
The firm that taught Navinder Sarao, the alleged Flash Crash trader, how to play the markets has gone bust after one of its largest traders took out an injunction against it, having been told that he was unable to withdraw millions of pounds of his own money from it.

Futex is understood to have called in administrators last month after the action taken by Gabriele Gandini, an algorithmic trader who told the firm that he wanted to leave.

The City of London-based business came to prominence last year after it was revealed as the place where Mr Sarao learned to

http://www.thetimes.co.uk/article/firm-where-flash-crash-trader-first-worked-fails-sl8h87s7p

http://www.futex.co.uk/testimonials.php
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Sad event but one of the risks of being in a prop...
 
Pekelo said:
The future PM signed his extradition papers. That has to count for somethin'....
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I wonder who counseled the future PM with the advice to take that action.....
wow, that's the "big one" !!!
This is so complex that he had to get some advice from someone.
 
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