The British man whose bogus trades may have contributed to a $1 trillion selloff in global stock markets during the 2010 Flash Crash will avoid prison after admitting to fraud and securities crimes, a U.S. judge ruled. Navinder Sarao, 41, must serve a year of home detention in London, U.S. District Judge Virginia Kendall said Tuesday in Chicago. The sentence is a remarkable outcome for Sarao, who was initially charged with 22 criminal counts carrying a combined maximum sentence of 380 years. But even the U.S. Department of Justice had asked the judge to spare him from serving more time behind bars, after he spent ... (full story)