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posted by n1 on Sunday May 24 2015, @02:11PM   Printer-friendly
from the justice-is-blind dept.

Nainder Sarao sits in jail because he cannot raise the £5M bail that is required for his release. He has apparently made millions while living in his parents' basement, but doesn't have access to the money because his accounts have been frozen. What is claimed by US authorities is that "... Mr Sarao placed "spoof" trades in E-Mini S&P derivatives in a bid to push the market in his favour. The orders would be placed and withdrawn in rapid succession using a customised computer programme, they allege", which sounds a lot like high-frequency trading. Perhaps his real crime was to copy the techniques of wealthy high-speed traders?

 
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  • (Score: 2) by Mr Big in the Pants on Sunday May 24 2015, @07:48PM

    by Mr Big in the Pants (4956) on Sunday May 24 2015, @07:48PM (#187316)

    I think the moral of the story is:

    Learn your place slave!

    If you have not worked out that this is a corporate run world where your expected role is to stay on the treadmill for as little as possible reward until you drop dead (preferably a few seconds after retirement) then you are a mouth breathing idiot...

    Starting Score:    1  point
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