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How the Flash Crash Trader’s $50 Million Fortune Vanished

Published Friday February 10

Nav Sarao made large money trading futures from his bedroom—then lost it all.

Navinder Singh Sarao arrives at Westminster Magistrates Court on Thu Feb 4 2016, in London.

It took Navinder Singh Sarao a long time to accept that he might have been scammed out of $50 million. Stuck in London’s Wandsworth prison, wracked with anxiety and not able to sleep, the realization dawned on the man dubbed the “Flash Crash Trader” as slowly as spring turned to summer outside the barred window of his jail cell.

Dupont and MacKinnon stated in an e-mail that they “did not introduce or advise” on the Nevis trusts.

Article length: About 3050 words.
Tags: Belvedere
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