The guy that beat the banks from his bedroom

[GoldenPhil]

using interactive trading

https://nypost.com/2020/06/27/how-a-gamer-caused-a-trillion-dollar-stock-market-crash/amp/

 

[Minimalist]

Nav; he is well known with traders. 

[HerefordBullyun]

Find this ironic when the PMs market is manipulated so regularly. 

[GoldenPhil]

2 minutes ago, Minimalist said:

Nav; he is well known with traders. 

He seems like he was actually a very big fish by the time he took the banksters on at their own manipulation game 

[Martlet]

Many years ago someone i know working in computer forensics told me the cause was bugs, normally inconsequential, on the day he hadn't stopped algos correctly, it went pear shaped. He was very smart chap doing what he did, slipped up from simple human error. 

[5huggy]

The most important bit about "FIAT" money system - from the article! 🙄😏

Others have since been arrested for similar crimes, but the financial world is hardly free of manipulation.

“On Wall Street, innovation never stops,” Vaughan says. “The cheating has just become more sophisticated.”

[5huggy]

Barings Bank and Nick Leeson! 😉

[motorbikez]

@5huggy  Nick Leeson was a real crook a dishonest trader, this guy Nav is a bit of a genius there was an article about him in the times magazine (Saturday version) about 3 months ago.

[GoldenPhil]

It's all shades of grey with traders 

[5huggy]

47 minutes ago, motorbikez said:

@5huggy  Nick Leeson was a real crook a dishonest trader, this guy Nav is a bit of a genius there was an article about him in the times magazine (Saturday version) about 3 months ago.

Yeah quite right, but they principally do/did same thing  that is "MANIPULATE" the markets! 😒

[Seth]

On 29/06/2020 at 17:16, motorbikez said:

@5huggy  Nick Leeson was a real crook a dishonest trader, this guy Nav is a bit of a genius there was an article about him in the times magazine (Saturday version) about 3 months ago.

Actually he was quite a nice bloke, never afraid to put his hand in his pocket and get a round in - in a country I might add where it was not unusual at the time nor today for a half pint of larger to cost £15.00 in an average bar not an upmarket expensive or a pretentious posh bar but like the average local U.K. pub, yes I've met him - I'm actually in the movie starring Ewan McGregor about him for all of about 30 seconds, we both used to hang out in the same bars, and drink together - ''Hardrock Cafe'', ''Anywhere'' and ''The Next Page'' where our favourite pubs.  What happened to Barings Bank was not entirely his fault, but he took all the blame, granted he also took all the credit when things where going good, but he was made to take all the blame when things went sideways.  His ex wife was the real nasy piece of work, she dropped him as fast as she could for the latest flavour of the monh trader, she screamed ''gold digger trophy wife'' from a thousands yards out.

[GoldenPhil]

It would all have been ok if barings hadn't lost their bottle