enhanced_deficit
Member
- Joined
- Mar 17, 2013
- Messages
- 28,575
Do Wall Street insiders or PPTs have the ability to use techniques like used by Navinder Singh as cited in BBC news below? If yes and they used them for "stabilizing" things, will Obama team/donors allow it or object ?
There is no reporting in media that he learnt from or reverse engineered PPT teams methods.
'Flash crash' trader freed on bail
14 August 2015
Image caption Navinder Singh Sarao, drawn at a previous court appearance A UK trader accused of contributing to the 2010 US "flash crash" has been freed on bail after his conditions were changed.
Navinder Singh Sarao successfully argued he could not access bail of £5.05m because his assets had been frozen.
The US Justice Department (DoJ) wants him extradited on wire and commodities fraud and market manipulation charges.
..A full extradition hearing is scheduled for 24-25 September.
The DoJ claims that Mr Sarao and his firm, Nav Sarao Futures, made £26m ($40m) illegally over five years.
He has been accused of using an "automated trading program" to manipulate markets, and of contributing to the flash crash of 6 May 2010. On that day, the Dow Jones index lost 700 points in a matter of minutes - wiping about $800bn off the value of US shares - before recovering just as quickly.
http://www.bbc.com/news/business-33929830
Related
Goldman Sachs was top Obama donor
April 20, 2010
http://www.cnn.com/2010/POLITICS/04/20/obama.goldman.donations/
There is no reporting in media that he learnt from or reverse engineered PPT teams methods.
'Flash crash' trader freed on bail
14 August 2015
Image caption Navinder Singh Sarao, drawn at a previous court appearance A UK trader accused of contributing to the 2010 US "flash crash" has been freed on bail after his conditions were changed.
Navinder Singh Sarao successfully argued he could not access bail of £5.05m because his assets had been frozen.
The US Justice Department (DoJ) wants him extradited on wire and commodities fraud and market manipulation charges.
..A full extradition hearing is scheduled for 24-25 September.
The DoJ claims that Mr Sarao and his firm, Nav Sarao Futures, made £26m ($40m) illegally over five years.
He has been accused of using an "automated trading program" to manipulate markets, and of contributing to the flash crash of 6 May 2010. On that day, the Dow Jones index lost 700 points in a matter of minutes - wiping about $800bn off the value of US shares - before recovering just as quickly.
http://www.bbc.com/news/business-33929830
Related
Goldman Sachs was top Obama donor
April 20, 2010
http://www.cnn.com/2010/POLITICS/04/20/obama.goldman.donations/
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