Flash Crash Trader Sarao Warned About Illegal Spoofing Activities, Apparently Acknowledges Wrongdoing in Emails

Accused “flash crash” trader Navinder Singh Sarao was hit hard with a federal court indictment in Chicago Thursday that, based on emails sent between Sarao and his computer programmer, leave little for the imagination. Accused “spoofer” Sarao acknowledges attempts to move markets In the indictment prosecutors point to a Jan. 26, 2009 email where Sarao told an unnamed computer programmer designing his high frequency trading system that we “now need to make it workable in terms of me moving the market like we discussed.” Sarao is accused of “spoofing” the S&P 500 futures on May 6, 2010, which exasperated the “flash…