My personal belief is that this was not fraud and "Code is Law" works. Yet, this guy is a perfect example of how intelligence and wisdom are not the same. He was clearly smart and dedicated enough to pull off this sort of trade successfully multiple times in a row, and probably all he had to do to get away with it was keeping his mouth shut. Or at the very least not get convicted by default on contempt of court charges by ignoring a court summons.
Agree, but the wisdom here is in recognising that once you made $65m in seconds at someone else's expense they will try to recoup that amount by any means necessary.