Flash Crash Trader Headed to U.S. After Losing Final Appeal
- Navinder Singh Sarao will be sent to U.S. in the next 28 days
- Sarao is accused of making $40 million from spoofing markets
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Navinder Singh Sarao, the British trader accused of making $40 million spoofing markets from his bedroom, will be extradited to the U.S. to stand trial.
Sarao’s final request for permission to appeal his extradition was rejected by judges in London Friday. He must be sent within 28 days to the U.S. where he faces 22 charges of fraud and market manipulation. He wasn’t in court for the hearing.