Flash-Crash Trader Sarao Gets Bail in U.S. Extradition Fight
London Court Grants Flash Crash Trader Bail
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Navinder Singh Sarao, the British trader accused of helping to cause the 2010 flash crash, was granted bail of 5 million pounds ($7.5 million) by a London judge while he fights extradition to the U.S.
Sarao, 36, was granted bail on condition he stays off the Internet and sleeps at his parents’ home in Hounslow, near London. His family must pay 50,000 pounds as well and his parents will also have to surrender their passports.