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View Full Version : British “Flash Crash” Trader Pleads Guilty to Fraud in US - Fortune



FraudNews
11-13-2016, 06:28 PM
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Fortune (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHhnolQiHhzu86DsHFqWtMoYnAzRA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779269964777&ei=0r4oWPjILojq3AG90q_oDQ&url=http://fortune.com/2016/11/13/sarao-flash-crash-trader-fraud/)


British “Flash Crash” Trader Pleads Guilty to Fraud in US (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHhnolQiHhzu86DsHFqWtMoYnAzRA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779269964777&ei=0r4oWPjILojq3AG90q_oDQ&url=http://fortune.com/2016/11/13/sarao-flash-crash-trader-fraud/)
Fortune
Navinder Singh Sarao, a London-based stock trader, has pled guilty to one count of wire fraud and one count of “spoofing” in a Chicago court. He is expected to serve 78 to 97 months in jail and surrender nearly $13 million, according to the Telegraph.

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