Originally posted by BrilloPad
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What can one lone trader at home achieve?
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Interesting article on the rise and fall of Nav Sarao, the Flash Crash Trader. Includes references to the Montpelier EBT and tax specialist Andrew Thornhill.
How the Flash Crash Trader’s $50 Million Fortune Vanished - Bloomberg
Looking to minimize his tax bill, he was introduced by his accountant to John Dupont, a director at the London arm of an Isle of Man-based financial advisory firm called Montpelier Tax Consultants.In 2009, on the advice of Montpelier, Sarao entered into a complicated dividend-stripping scheme that resulted in a major reduction in his tax billSarao had an uncanny ability to attract controversial characters. He sought advice from tax specialist Andrew Thornhill, who in 2015 would be charged by the British barristers’ industry group with five counts of professional misconduct.Comment
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Originally posted by greenlake View PostInteresting article on the rise and fall of Nav Sarao, the Flash Crash Trader. Includes references to the Montpelier EBT and tax specialist Andrew Thornhill.
How the Flash Crash Trader’s $50 Million Fortune Vanished - BloombergComment
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You can do it with crypto-currencies... just saying like.
On that note, some of those CC are becoming more resilient to volatility, which is interesting.Last edited by scooterscot; 12 February 2017, 09:20."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Total mystery to me how that could happen. Used to work on aircraft control systems, crashing those was much easier.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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Originally posted by greenlake View PostInteresting article on the rise and fall of Nav Sarao, the Flash Crash Trader. Includes references to the Montpelier EBT and tax specialist Andrew Thornhill.
How the Flash Crash Trader’s $50 Million Fortune Vanished - Bloomberg
Not reading CUK leads to poverty. DP will not be a millionaire without CUK. Though all those brothels and illicit gold deals help.Comment
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