Jay Elwes

Disrupting the world — from a small bedroom in Hounslow

When trillions were wiped off the global markets on 6 May 2010, the culprit was found to be young Navinder Sarao, operating alone from his parents’ home

Navinder Sarao. Credit: Betty Images 
issue 23 May 2020

On 6 May 2010 the eurozone crisis was tearing through the continent. Greece was bankrupt, and it looked as though Spain or Italy could be next. Markets were on edge, volatility was high — and then something very strange happened.

The S&P 500, one of the US’s main stock indexes, began to crash.

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