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Prikvačeni tweet
In 2015, day trader Navinder Sarao was charged with helping cause one of the most dramatic market crashes in history from his bedroom. When the FBI arrived he was worth $70m. His wild story is told in my forthcoming book, Flash Crash. Pre-order now:http://bit.ly/2KLK82e
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Liam Vaughan proslijedio/la je Tweet
EXCLUSIVE: U.S. authorities that accused six JPMorgan Chase employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar tell
@Tschoenberg22@liamvaughanBBG https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe …pic.twitter.com/qQAubwPRaD
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Kensington and Canvey Island. Forty miles and a universe apart on the eve of Brexit https://www.bloomberg.com/news/features/2020-01-31/brexit-day-divided-britain-leaves-eu-seeks-a-new-identity?sref=FdLNcI3C … via
@bpoliticsHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Liam Vaughan proslijedio/la je Tweet
One of the most remarkable finance stories in recent memory gets the Hollywood ending it deserves: With the Hound of Hounslow back in his room and grounded.https://www.bloomberg.com/news/articles/2020-01-30/flash-crash-trader-s-10-year-spoofing-saga-gets-hollywood-ending …
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One of the most remarkable finance stories in recent memory gets the Hollywood ending it deserves: With the Hound of Hounslow back in his room and grounded.https://www.bloomberg.com/news/articles/2020-01-30/flash-crash-trader-s-10-year-spoofing-saga-gets-hollywood-ending …
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Flash Crash Trader’s 10-Year Spoofing Saga Gets Hollywood Endinghttps://www.bloomberg.com/news/articles/2020-01-30/flash-crash-trader-s-10-year-spoofing-saga-gets-hollywood-ending …
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Looking forward to appearing on the
@BBCr4today Today programme at 7.15am to talk all things Nav Sarao, the bedroom trader blamed for causing a market crash who escaped jail yesterday.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Liam Vaughan proslijedio/la je Tweet
Trader Blamed for 2010 Flash Crash Gets No Jail for Spoofing
@business@nickbaker36@liamvaughanBBGhttps://www.bloomberg.com/news/articles/2020-01-28/trader-blamed-for-2010-flash-crash-gets-no-prison-for-spoofing …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Session over and lots of confused looking people. Over and out for me. It’s been emotional. And don’t forget to buy the book! This is just the top of the iceberg.
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Considering he rarely leaves the house I don’t think it’s the worst outcome.
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Judge adamant that he’ll be confined to his home. “I hope that this is a lesson to you.”
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Right, he’s got supervised release with strict conditions that can’t leave house except for medical visits, education, legal visits or funerals. “I’m not giving him leave to go to the gym.”
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“Then my brother gave be a spiritual book and it changed my life forever..my goal now is to cleanse myself and benefit from gods wisdom.” Says that, despite all the suffering he’s endured he wouldn’t change a thing as he’s learned how to live.”
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“I made more money than I could ever have imagined...(and when I was rich) I felt pressure to live a different life, but when I thought about buying expensive things I knew I would get bored of them...Money doesn’t buy happiness and I’m glad I know that now.”
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While we’re waiting, Nav’s speech was pretty damn moving. “I spent 36 years trying to find happiness on a path built on a lie...I had done the things that society says will give you happiness and when they didn’t I didn’t know where to look.”
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(This should have said outside the US.) Judge and probation officer now off discussing the logistics of how this might work. Think it’s probably a ‘good’ outcome for Nav, albeit not what he and the DOJ were pushing for.
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This is a fuck up. The probation officer stepped in to say that’s unenforceable outside the UK. Judge says needs to have sentence to reflect crime. Taking 20 min recess. Drama!
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My sentence will be one year of home incarceration
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Judge says all well and good but “...it doesn’t impact the seriousness of what happened back in 2010...in spite of fact spoofing felt like a video game it had serious economic impact.’
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Nav says found god, believes in karma, wants to turn his life around.
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I was totally addicted to trading...I made more money than I could ever have imagined and it didn’t make me happy...my guilt is heavy. I humbly ask your mercy and can assure you I will never do anything illegal again.
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