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Accused British "Flash Crash" Trader to be Extradited to the US

posted by martyb on Sunday October 16 2016, @12:53PM   Printer-friendly
from the where-were-the-air-bags? dept.

Whoever writes:

Navinder Sarao has lost his appeal and is set to be extradited to the USA, where he faces charges with a possible maximum sentence of 380 years. He is accused of causing the "flash crash" in 2010, when the Dow Jones index dropped by 1000 points. He ran his trading from his bedroom in his parents' house and it is claimed that he made more than £30M (approximately $40M) in 5 years. His parents had no idea what he was doing, nor the scale of his income. He is accused of placing trades that he never intended to fill, so, to this naive person, it's hard to distinguish what he did from that of the large high-speed trading firms.

Original Submission

 
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  • (Score: 3, Funny) by BK on Sunday October 16 2016, @01:19PM

    by BK (4868) on Sunday October 16 2016, @01:19PM (#414848)

    so, to this naive person, it's hard to distinguish what he did from that of the large high-speed trading firms.

    Someone remind me what the editor's job is...?

    --
    ...but you HAVE heard of me.
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  • (Score: 1, Touché) by Anonymous Coward on Sunday October 16 2016, @01:49PM

    by Anonymous Coward on Sunday October 16 2016, @01:49PM (#414851)

    Not too big to fail.

  • (Score: 2) by Nerdfest on Sunday October 16 2016, @03:20PM

    by Nerdfest (80) on Sunday October 16 2016, @03:20PM (#414868)

    To editorialize?

    • (Score: 2) by BK on Sunday October 16 2016, @03:22PM

      by BK (4868) on Sunday October 16 2016, @03:22PM (#414869)

      Then why don't we call them editorializors?

      --
      ...but you HAVE heard of me.

      • (Score: 0) by Anonymous Coward on Monday October 17 2016, @05:14AM

        by Anonymous Coward on Monday October 17 2016, @05:14AM (#415103)

        But who would then do editorializerisation?

  • (Score: 2) by captain normal on Sunday October 16 2016, @05:59PM

    by captain normal (2205) on Sunday October 16 2016, @05:59PM (#414910)

    Do you want the job? Step up...or STFU.

    --
    "It is easier to fool someone than it is to convince them that they have been fooled" Mark Twain

  • (Score: 2) by janrinok on Monday October 17 2016, @09:14AM

    by janrinok (52) Subscriber Badge on Monday October 17 2016, @09:14AM (#415143) Journal

    The views stated here are those of the submitter, not the editor. I'm not sure what the objection is, but 'its always my fault', so I'll just roll with it.

    Someone remind me what the editor's job is...

    My role is to prepare the submissions for the front page. It is the community's role to submit the stories. But if somebody would like to clarify what the issue is here, I'm more than prepared to learn from yet another of my mistakes.