'Flash Crash' Trader Sarao Loses Extradition Ruling in U.K. Court

  • Navinder Sarao was arrested and charged by the U.S. last year
  • Sarao is accused of making $40 million from spoofing markets

Navinder Singh Sarao, the British trader accused of making millions of dollars spoofing markets from his bedroom, came a step closer to being sent to the U.S. to face fraud charges after a London court ruled in favor of his extradition.

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