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In April 2015, Navinder Singh Sarao, an autistic [64] [65] London-based point-and-click trader, [66] was arrested for his alleged role in the flash crash. According to criminal charges brought by the United States Department of Justice , Sarao allegedly used an automated program to generate large sell orders, pushing down prices, which he then ...
The mechanism causing the event has been heavily researched and is in dispute. On April 21, 2015, the U.S. Department of Justice laid "22 criminal counts, including fraud and market manipulation" against Navinder Singh Sarao, a trader. Among the charges included was the use of spoofing algorithms. [10]
Government prosecutors and defense lawyers described the 41-year-old Navinder Singh Sarao as autistic in memos filed before sentencing in Chicago federal court. Autistic futures trader who ...
Business and economy Israeli generics giant Teva Pharmaceutical offers $4 billion to acquire US rival Mylan. (Economic Times) Disasters and accidents Australian east coast low Three people have died in floods in the Australian town of Dungog, New South Wales as heavy rains and cyclonic winds hits the state of New South Wales causing widespread flooding, loss of power to over 100,000 homes and ...
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Sarao began his alleged market manipulation in 2009 with commercially available trading software whose code he modified "so he could rapidly place and cancel orders automatically." [20] Sarao is a 36-year-old small-time trader who worked from his parents’ modest semi-attached stucco house in Hounslow in suburban west London. [20]
More than 800 people have lost their lives in jail since July 13, 2015 but few details are publicly released. Huffington Post is compiling a database of every person who died until July 13, 2016 to shed light on how they passed.
Health officials in Europe are investigating Ozempic and the trendy drug’s possible link to an eye-rotting condition that causes blindness. On Dec. 17, the European Medicines Agency announced ...