Likely London, he was allowed to head back to the UK pending sentencing if I recall properly, was wondering about him a few weeks ago and was surprised to see he still hadn´t been sentenced.
UK trader arrested for May 2010 U.S. Stock market flash crash
- Thread starter just21
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Likely London, he was allowed to head back to the UK pending sentencing if I recall properly, was wondering about him a few weeks ago and was surprised to see he still hadn´t been sentenced.
Good lord, what a waste of time and money. Can't believe they're still trying to make something of this.
I thought I read a story online about him moving in with his parents...living in a basement apartment in their home prior to the U.S. trying to get their hands on him.
wrbtrader
What was his sentenced ?
I do know the prosecution recommend 6 - 8 years.
Regardless, he'll start a blog and try to become a folklore hero as if he's warning other automated trading system developers.
wrbtrader
He must have been in the US, because I don't think he was helping US authorities from London. Also there were sentencing scheduled for last Sept and later November, currently set for Jan. 28th:
https://www.justice.gov/criminal-vns/case/navinder-sarao/update
"Sarao was extradited to the United States on November 7, 2016."
https://www.justice.gov/criminal-vns/case/navinder-sarao
https://www.justice.gov/criminal-vns/case/navinder-sarao/update
"Sarao was extradited to the United States on November 7, 2016."
https://www.justice.gov/criminal-vns/case/navinder-sarao
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Regardless, he'll start a blog and try to become a folklore hero as if he's warning other automated trading system developers.
wrbtrader
He's a recluse with autism. I doubt it
I read the dude made 70 million of which only(!) 13 was due to spoofing. Seems like a legit trading savant.
Why if you are already up 50M+ do you then start cheating?
The only explanation is he lost the legit pre 2010 trading edge that he had.
Happened to a lot of prop traders back then.
His autism/savant powers gave him the ability to trade large size, and that is one of the most important skills for a trader, but i don't think he had any special market edge above the other prop traders around that time.