Flash Crash Trader Sees Fortune Vanish

The transcript discusses NAV's legal and financial troubles, including his court case where he owes the US government $38 million. It explores his risky investments, influenced by promises of high returns, and his naivety due to lack of experience. The legal implications of his actions are examined, with his investments described as a Ponzi scheme. The future challenges NAV faces, including his inability to trade, are highlighted, raising questions about his ability to repay debts.

What was the main reason NAV was unable to repay his debt to the US government?

• His money was distributed to various parties.

• He lost all his money in a stock market crash.

• He donated it to charity.

• He invested in real estate.

What type of returns were NAV's investments promising?

• Low risk, low return

• Risk-free, high return

• High risk, high return

• Moderate risk, moderate return

How did NAV's lack of experience affect his investment decisions?

• He made informed and strategic investments.

• He was cautious and avoided risky ventures.

• He was easily misled by promises of high returns.

• He consulted with financial experts before investing.

What legal term did NAV's lawyer use to describe his investment strategy?

• Pyramid scheme

• Money laundering

• Ponzi scheme

• Insider trading

What is the current status of NAV's ability to trade?

• He is trading in a different market.

• He is actively trading and making profits.

• He is banned from trading.

• He is trading under supervision.