A 37 years old British man Navinder singh Sarao has been arrested and due to appear in court today for triggering a £500billion wall street stock crash in 2010,called 'flash crash' from his apartment near Healthrow Airport ,London.
He is alleged to have made $27 million in 5 years in illegal trade from his home,the married father of two face possible extradition to the U.S for causing a flash crash which wiped away £570 billion $850 billion from American biggest companies and made himself £550,000 in 5 minutes, he has be accused of using a computer program to create fake transaction in an exchange run by a Chicago based CME Inc from his three bedroom apartment in Hounslow west London,he now dubbed the "Hound of Hounslow"
An investigation involving 6 agencies in the US and Britain uncover the fraud.Investigator said he used the tactics called 'Layering' and 'spoofing' on the the day of the crash May 6th 2010
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