A British financial trader accused of helping trigger a multibillion-dollar Wall Street crash from a suburban UK home is mounting a high court challenge against a decision that he can be extradited to the US to stand trial. Navinder Singh Sarao, 37, nicknamed the Hound of Hounslow, is wanted in America over allegations that he helped cause the 2010 Wall Street “flash crash” from his parents’ home 3,500 miles away in Hounslow, west London. US authorities claim Sarao made $875,000 (about £716,000) on 6 May 2010, the day of the crash, part of illegal earnings of more than $40m over a five-year period. At an extradition hearing at Westminster magistrates court in March, the district judge, Quentin Purdy, ruled that Sarao could be sent to stand trial in the US. In any event this is only a single trading day in over 400 relied upon by the prosecution.

Source: The Guardian October 14, 2016 07:20 UTC