Navinder Singh Sarao was born in Hounslow, west London, in 1979. He graduated from Brunel University and took a job at Futex, a trading firm that allowed workers to trade with the firm’s own money in return for half of the profits. Sarao enjoyed huge success, but was unhappy with handing over a share of his winnings, so he moved to another trading house, CFT Financials, in 2008, buying a seat on the Chicago Mercantile Exchange (CME) in order to cut trading costs.
What was the scam?
What happened next?
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