'Flash crash' trader begins fight against extradition to US

Discussion in 'Market News' started by Lily, Feb 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Briton Navinder Sarao is accused of manipulating stock markets in 2010 by placing fake sell orders

    The British trader accused of playing a major role in the 2010 Wall Street “flash crash”, Navinder Sarao, will attempt to fight extradition to the US in a two-day hearing at Westminster magistrates court.

    The hearing, beginning on Thursday, is taking place four months later than originally planned. It was previously postponed after an injury to one of Sarao’s legal team, James Lewis QC of Three Raymond Buildings, and after the prosecution, the US Department of Justice and the commodity futures trading commission added to the allegations against the former trader.

    Related: Accused 'flash crash' trader's lawyer calls US extradition request 'false'

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