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‘Flash crash trader’ extradition hearing put back to 2016
The fate of Navinder Singh Sarao, known as the trader whose actions may have helped cause the 2010 flash crash, will not be decided until 2016 after his London extradition hearing was adjourned Friday. Sarao, who was arrested by U.K. authorities in April, amassed a nearly £30 million fortune. But rather than snapping up a luxury Mayfair bachelor pad, still lived with his parents in a three bedroom house on a nondescript street in suburban London. Sarao, who was wearing a light grey suit, pink shirt and dark tie, spoke only to confirm his name, address and that he doesn't accept extradition. At the hearing in central ... (full story)
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