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Here's What We Know So Far About Alleged Criminal Mastermind Navinder Singh Sarao

"Mom, leave me alone! I'm spoofing!"

This is not Navinder Singh Sarao

So, it's been about 24 hours since authorities finally managed to collar the man that U.S. regulators claim is the greatest financial villain since Carlos Ponzi.

What we've learned about Navinder Singh Sarao, the man who the SEC and CFTC are accusing of singlehandedly causing a terrifying flash crash back in 2010, is truly chilling. Every detail that emerges is like a new piece in a mental Jenga tower of evidence proving Sarao to be a modern Bond villain come alive.

First, this monster was a baby-faced 32-year-old living at home with his mom when he managed to pull off the economic crime of the century.

His company - Nav Sarao Futures - was registered to the home his parents own in Hounslow, west London, where it is believed he operated from his bedroom.

Of course the authorities couldn't find him, he's a genius. Who would think to look for a super-villain in a child's bedroom, in a London suburb? It's diabolical.

And it appears that Sarao has been exhibiting some evil tendencies for quite some time now.

A former school friend, who asked not to be named told The Telegraph: "Navinder was really bright and was in the top set for all his subjects. He was a bit of a cheeky chap but was popular.
"He was a bit of a geek but was funny also. He studied Maths and Science at A'Level. He was a bit of a prankster but never got caught."

Cheeky prankster indeed. But this time, according to the gumshoes down in Washington, Sarao has been caught, and this shit ain't funny.

Okay, so it's a little funny.

But let's not get distracted, that's what true bad guys want. And Sarao made no effort to hide the brazen nature of his criminal lifestyle by dressing up for court on Wednesday morning.

Appearing in court in London dressed in a canary yellow sweatshirt and white track suit pants, the trader, Navinder Singh Sarao, a British national, sat behind a glass wall looking dazed by the proceedings around him.

Yellow and white sweats? He might as well have brought his fluffy white cat along to stroke while looking dazed (but likely smirking on the inside) behind that glass partition.

And let's not forget about his "cheeky" invitation to CME Group when it caught him red-handed on the same day of the crash, but then did absolutely nothing about it.

Every criminal has an Achilles' heel though, and often its being to clever for their own good. You know the type, a baddie who can't help but taunt the coppers?

And a month before the flash crash, Mr. Sarao set up a corporate entity in the Caribbean island of Nevis, the criminal complaint said, calling his firm Nav Sarao Milking Markets.

Wait, he set that company up a month before the crash? Like in April of 2010? And he kept it up for the past 5 years but still lives at home? And we're just now getting around to scooping him up?

Well, maybe the taunting was fair.

Flash Crash trader Navinder Singh Sarao pictured for first time, as £5.05m bail is granted [The Telegraph]

Trader Charged in ‘Flash Crash’ Case to Fight Extradition to U.S. [NY Times]


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