Flash Crash Trader’s 10-Year Spoofing Saga Gets Hollywood Ending

BLOOMBERG

In the end, the Navinder Sarao story got the Hollywood ending it deserved.Five years after the trader was arrested in his parents’ suburban London home for manipulating markets, the 41-year-old was ordered by a U.S. judge to go back there for a year of house arrest, holed up in the same bedroom where he had committed his crimes. read more »

That Wells Fargo accounts scandal was even worse than you can imagine

LA TIMES

One useful rule of thumb when it comes to business scandals is that they often seem to get worse after the initial disclosures, even after a string of “official” investigations. The unauthorized-accounts scandal at Wells Fargo is an exemplary case, and we don’t mean that as a compliment. read more »

OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe – sources

REUTERS

OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter. read more »