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Submission + - British "flash crash" trader pleads guilty. (telegraph.co.uk)

Submitted by whoever57
whoever57 writes: Navinder Sarao, the British trader who was accused of causing the "flash crash" in 2010 and was extradited to the USA this week has pleaded guilty to one count of wire fraud and one count of spoofing. No details of the plea deal have been released, but it is believed that he has agreed to forfeit $13M. Several years of jail time are also expected for Mr. Sarao
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British "flash crash" trader pleads guilty. More

British "flash crash" trader pleads guilty.

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Thrashing is just virtual crashing.

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