194: Liam Vaughan Bedroom Trader Amasses Fortune, Becomes Prime Suspect of Flash Crash

Published: May 8, 2020, 8:05 a.m.

b'Liam Vaughan is a finance author and senior reporter for Bloomberg.\\nHis latest book Flash Crash tells the story of Navinder Singh Sarao, a London trader, living at his parents house, who made ~$70M from his bedroom and was later accused by the U.S. government of playing a role in the 2010 Flash Crash.\\nFor anyone unaware, this was a deeply perplexing event in which the U.S. stock market, one afternoon, plunged approximately 9% and then almost completely rebounded, all in the space of just 30-minutes.\\nWhile Liam speaks on many interesting moments from Nav\\u2019s life in this episode\\u2014from beginning as prop trader in 2003, through to when he was extradited to the U.S. in 2016\\u2014it\\u2019s only a sample of what\\u2019s covered in the book (an absolute must-read!)\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'