Navinder Singh Sarao: The Trader Who Shook Wall Street

Navinder Singh Sarao was a quiet futures trader operating out of his parents’ modest home in suburban England — but prosecutors say his trades sent shockwaves through the global financial system. Using a strategy known as “spoofing,” Sarao allegedly placed thousands of fake orders designed to manipulate the market and create the illusion of massive buying and selling pressure. Between 2009 and 2014, authorities claim he made nearly $13 million in illicit profits while contributing to extreme market volatility, including scrutiny tied to the infamous 2010 “Flash Crash.”As regulators and investigators closed in, the self-described outsider found himself at the center of an international financial scandal involving wire fraud charges, market manipulation, and accusations that one man with an algorithm managed to outplay Wall Street itself. But was Sarao a criminal mastermind, a scapegoat for a broken system, or something in between?New episodes every Monday.Some monsters don’t hide in the shadows — they hide in plain sight.Listen now on Apple Podcasts: https://podcasts.apple.com/us/podcast/fugitive-files/id1896535256Stay alert. Stay aware.