UK Court finds British Futures Trader Extraditable for Stock Market “Flash Crash”

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Friday, April 1, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
4
Abstract: 

On March 23, 2016, District Judge Quentin Purdy, a U.K. judge in the Westminster Magistrates’ court, ruled that Navinder Singh Sarao, 36, the British futures trader accused of contributing to the so-called stock market “flash crash” of 2010, is extraditable to the U.S. on 22 charges ranging from wire fraud to commodities manipulation on U.S. futures markets over a four-year period.