- Friday, April 19, 2024
By: Eastern Eye Staff
LAWYERS for a financial trader accused of manipulating markets and causing the 2010 “Flash Crash” in US stocks have appealed in the high court against his extradition to face trial in the United States. Navinder Singh Sarao, 37, who worked out of his sub urban London home, allegedly made millions of dollars with software that could automatically manipulate prices. A jury in Chicago indicted Sarao last year, accusing him of earning $40 million (£27.3m) through techniques including market “spoofing” – making fake orders – between 2010 and 2014. The indictment detailed how the trader built a system with the help…
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