“Flash crash” trader Navinder Sarao loses £5m bail appeal The British trader accused of sparking the 2010 US flash crash has lost a bid to overturn his bail conditions at High Court, landing him back in custody. Navinder Sarao, who is charged with 22 counts of illegal trading activity in a US court, is fighting extradition and has been in custody since his [...]
“Flash crash” trader Navinder Singh Sarao returns to court this week to fight bail setting The trader accused of bringing about the flash crash of 2010 is to return to London's High Court tomorrow. Navinder Singh Sarao, 36, remains in custody after failing to pay his £5.05m bail. He is fighting efforts by the US authorities to have him extradited, with the Department of Justice claiming he made £26m [...]
Navinder Singh Sarao: Flash crash trader on £5m bail gets legal aid in fight against extradition The trader alleged to have earned £27m from market manipulation is now on legal aid, despite having his bail surety set at over £5m. Joel Smith, the solicitor representing Navinder Sarao, told District Judge Elizabeth Roscoe yesterday that his client had been found eligible for the aid at the start of the week. [...]
The harsh reality of flash crash trader Navinder Sarao’s waiting game- Editor’s Letter May 6, 2015 Is it just me, or is Navinder Sarao, the flash trader accused by US authorities of making £26m through illegal share deals, being harshly treated? Yesterday the young man, also known rather judgingly by the media as the Hound of Hounslow, was sent back to Wandsworth prison for a third time after failing to put [...]
“Flash crash” trader Navinder Singh Sarao can’t pay £5m bail because his assets have been frozen May 6, 2015 The British trader accused of causing the U.S. 2010 flash crash cannot pay his £5m bail because U.S. authorities have frozen his assets, a court heard today. Navinder Sarao, who was arrested on 21 April and charged with 22 counts of illegal trading activities, appeared at Westminster Magistrates Court this morning for a scheduled bail [...]
The flash crash trader Navinder Singh Sarao returns to London cell ahead of extradition fight April 29, 2015 The legal team of flash crash trader Navinder Singh Sarao is aiming to appoint a QC to work on his upcoming extradition case, a member of his legal team said at Westminster Magistrates’ Court yesterday. Richard Egan, partner at Tuckers Solicitors, said yesterday that while a junior barrister is currently dealing with the case [...]
“Flash crash” trader Navinder Singh Sarao remains in custody as court grants extra seven days to raise £5m bail April 29, 2015 Navinder Singh Sarao, the man charged with contributing to the "flash crash" of 2010, has been remanded in custody for another seven days after failing to pay £5m bail. A court today granted Sarao the extra time to raise cash as he fights extradition to the US over his alleged involvement in the crash which [...]
“Flash crash” trader Navinder Sarao expected to return to London court tomorrow after failing to pay bail April 28, 2015 So-called “flash crash” trader Navinder Sarao is expected to appear in court tomorrow after failing to raise the bail needed to secure his release from custody. Sarao was arrested last week for allegedly manipulating the markets and contributing to the flash crash of May 6, 2010, which wiped billions off the value of US [...]
Flash crash trader’s former boss says Navinder Singh Sarao is set for “superstardom” or “infamy” April 24, 2015 The former boss of so-called flash crash trader Navinder Singh Sarao has revealed the "low-key" city worker had the potential to be "legendary" and believes he did not cause the 2010 crash which wiped billions from the stock market. “Nav was always going to the kind of person that I believed would be legendary, potentially [...]
Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao April 23, 2015 The United States federal authorities could make it rain for the anonymous tipster who helped expose tracksuit wearing trader Navinder Singh Sarao who is accused of contributing to the "flash crash" five years ago. Under the US Commodity Futures Trading Commission's (CFTC) whistleblower program, created as part of the government's response to the financial crisis, whistleblowers receive between 10 [...]