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Navinder Sarao, the UK trader accused over Wall Street’s “flash crash” in May 2010 and for destabilising the financial markets by placing huge volumes on “spoofing” trade orders to make personal gains, has lost his court challenge of an extradition order to the US.
Sarao was arrested in April 2015 at the request of US authorities who identified him as the initiator of the spoofing which helped cause the market panic in May 2010. He was consequently left facing a series of fraud charges.
After hearing the court’s decision today, Sarao’s lawyer, Richard Egan said, “we will definitely be appealing. We think we have still ... (read more)