Living in his parents' house, he crashed the U.S. stock market and made $40,000,000
11 years ago today, Navinder Sarao, was arrested because he found a glitch in the systemHe built a spoofing algorithm that placed massive fake sell orders in the futures market to push prices down, buying at the bottom, then canceled the fake orders before they ever filled...He did this thousands of times a dayTimeline:• 2003: Gets a job at a prop trading firm• 2009: Leaves the firm. Sets up at his parents' house with a custom algorithm• May 6, 2010: The Dow drops 998 points in 4 minutes. $1T wiped out in the 'The Flash Crash'• 2009–2014: Makes $40M from his bedroom• April 21, 2015: He's arrested in London on 22 criminal counts• 2020: Sentenced to 1 year of home confinement and barred from trading foreverThey sent him back to his parents' house... Find a glitch in the system and they'll find you eventually
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