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December 31, 2020

Navinder Singh Sarao - Flash Crash

Somehow, the story of Navinder Singh Sarao fascinates me. He is said to have caused the Flash Crash of 2010. But then, having made so much money he was then a sucker for wide boy scammers who took his money off him.

He's banned from financial trading now, but here's an idea, why don't the authorities put him under close supervision and have him go to work to earn the money back? Then anything left over gets split 50/50 charity and Sarao, so he does get rewarded for his efforts beyond serving time for his crime and pays to repair society. Just an idea, having him sit in his parents house and unable to pay the money back seems like a waste of time if you ask me.

Here's an article on Sarao https://www.livemint.com/Money/TYUUtwYOj0VIPhFFyLICQM/How-flash-crash-trader-Navinder-Singh-Sarao-went-from-genius.html

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