'Flash Crash' Trader Can Be Extradited To US
The British trader accused of helping trigger the so-called Wall Street "Flash Crash" can be extradited to the US to stand trial, a judge has ruled. Navinder Singh Sarao is alleged, by US prosecutors, to have made millions of pounds through an "automated trading programme" to manipulate stock prices in a practice known as 'spoofing' - placing orders for shares with the intent of cancelling them later. District Judge Quentin Purdy, sitting at Westminster Magistrates Court, ruled the extradition c
Read more »