Sarao's alleged activities went from 2009 through this year and earned him an estimated $40 million in profits, said Aitan Goelman, head of enforcement at the CFTC.

Sarao, a 37-year-old West London trader who had operated out of his home, pleaded guilty to one count of wire fraud and one count of spoofing, the U.S. Justice Department said.

At the time of his arrest, Sarao was the sole employee of UK-based Nav Sarao Futures Limited. In old emails, Sarao described himself as an "old school point and click prop trader." He's not a high ...

Sarao had been implicated in causing the “flash crash” of May 6, 2010, when the U.S. stock markets lost almost $1 trillion in value in a few minutes and then recovered.

During that time, Sarao boasted that he was raking in $45,000 to $133,000 a day, according an e-mail in the Justice complaint. “You must understand that for me to be in the top 30 is not a ...

Ten years ago, trading futures from his parents’ suburban London home, Navinder Sarao shook up the investment world when his computer program set off the “flash crash,” causing th… ...

Navinder Singh Sarao, the British trader who was arrested Tuesday in connection with the 2010 "Flash Crash" that saw US markets plunge 9% for a 20-minute period, treated markets "like a video game ...

Navinder Sarao, the British trader who allegedly contributed to the 2010 stock market “flash crash,” should be extradited to the U.S., a U.K. judge ruled.

Navinder Singh Sarao’s trade modification messages on the CME market for E-mini futures sent on April 29, 2010, amounted to 42% of all such messages sent across the market, according to Mark ...

Sarao, 37, extradited from the U.K. two days ago, pleaded guilty to spoofing and wire fraud Wednesday in Chicago federal court and agreed to forfeit $12.9 million in ill-earned gains from his trades.