A British man faces extradition for trading securities on markets in the United States. "Authorities"1 accuse the man of placing orders in a manner that lead other traders to panic which was followed by a "flash crash" in the markets in which the man was trading. The man faces criminal charges in the United States despite the clear fact that the panic came from defects of character inherent in the other traders. They further allege his cancelling and changing orders amounted to "spoofing" though every man is rightly entitled to change his position based upon the best information available at the time, and time is always moving.
As the saying goes, "If you spot it, you got it." These so called authorities in the United States are clearly in the grips of fear that their beloved fiat fiction and its inherent fragility are the product of their own spoofing. Sorry for your loss.
This is a code word for Preet Bharara. ↩