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 Day Trader Pleads Guilty to Fraud in 2010 Flash Crash

A British day trader has pleaded guilty to spoofing and wire fraud involving the 2010 Flash Crash. Navinder Singh Sarao was accused of making $40M while spoofing the stock futures market of CME Group Inc. (NASDAQ: CME)  for more than five years. He also will forfeit $12.9M of the ill-gotten gains…

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