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'Flash crash' hearing told spoofing does not justify trader's extradition to US
Also sending 100 complaining letters to the authorities didn't help him staying under the radar. And why was he complaining when the whole set up was helping him to spoof?
1.He did spoof and eventually they are going to get him for that.
2. He was not in position when the flash crash occurered. One could say he caused it by getting out of the market.
3. Proving intent will be fairly easy, he had emails telling to his programmer what he was trying to do.
I am guessing he will get 5-10 years with profits forfeited...
Can you help answer these questions from other members on NexusFi?
But that's exactly why he was made a scapegoat, as @DionysusToast said. He complained, he is the little guy with no lobbyst to pay off congressmen, he was making money, he had to take the fall.