This is market manipulation, it's not the same as simply buying or selling. He was spoofing, using multiple virtual identities to place fake orders in the market and drive the price down so that he could use those price swings in favor of a few real investments.
He ended up burning $1T just to take $40M into his pocket.
This is market manipulation, it's not the same as simply buying or selling. He was spoofing, using multiple virtual identities to place fake orders in the market and drive the price down so that he could use those price swings in favor of a few real investments.
He ended up burning $1T just to take $40M into his pocket.