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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]
In the U.S. Department of Justice April 21, 2015 complaint of market manipulation and fraud laid against Navinder Singh Sarao, [20] — dubbed the Hounslow day-trader [21] — appeared "to have used this 188-and-289-lot spoofing technique in certain instances to intensify the manipulative effects of his dynamic layering technique...The purpose ...
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Elon Musk and President Donald Trump are applying Silicon Valley’s “move fast and break things” ethos to the US government.
A London-based trader who traded on the Chicago Mercantile Exchange, Navinder Singh Sarao, accused of contributing to the 2010 Wall Street "flash crash" by placing bogus orders to spoof the market, fails in his legal bid to stop extradition and will now be sent to the United States to face trial where he is wanted by U.S. authorities on 22 ...
A man whose conviction for a 1994 murder was overturned on new DNA evidence says he's having a hard time adjusting to today's hyper-connected world after spending the past 30 years behind bars.
(AP via USA Today) April 2015 Mediterranean Sea migrant shipwrecks. Italian police arrest the captain and crew member of a vessel that sank in the Mediterranean Sea on Sunday drowning as many as 900 people. An American man Tommy Schaefer is sentenced to 18 years imprisonment in Bali for the murder of his mother-in-law Sheila von Wiese Mack last ...