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Hounslow trader loses US extradition fight

Judge says Sarao did not materially contribute to Flash Crash – but still agrees transfer to US

Navinder Singh Sarao arrives at Westminster Magistrates Court in central London on March 23, 2016
Navinder Singh Sarao arrives at Westminster Magistrates Court in central London on March 23, 2016 Photo: JustinTallis/AFP/Getty Images

A London judge has backed US authorities' requests to extradite the UK day trader accused of playing a role in the 2010 Flash Crash.

Navinder Singh Sarao, 36, should face extradition to the US to face 22 charges covering wire fraud, commodities manipulation, commodities fraud and spoofing, a judge at Westminster Magistrates' Court ruled on March 23.

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