‘Flash crash’ trader sentenced to time served plus a year of home confinement – lawyers

(Reuters) - A Chicago-based U.S. federal district court judge on Tuesday sentenced Navinder Sarao, a London-based trader accused of contributing to Wall Street's 2010 "flash crash", to time already served in jail of four months, with a year of home confinement, Sarao's attorneys said in a statement. Sarao's attorneys at Dechert LLP said https://ift.tt/2vnLk78 their client initially faced the possibility of more than 100 years of jail time for his role in the May 6, 2010, crash when the Dow Jones industrial average briefly plunged over a 1,000 points, temporarily wiping out nearly $1 trillion in market value

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