Flash Crash Trader Sarao Released as He Fights Extradition
Navinder Singh Sarao, a British trader charged over his role in the 2010 U.S. flash crash, leaves Westminster magistrates in London on Aug., 14, 2015.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The trader charged over his role in the 2010 U.S. flash crash was released after four months in a London prison as a judge changed the terms of his bail while he fights extradition.
Navinder Singh Sarao won his release by disclosing the existence of roughly 25 million pounds ($39 million) worth of assets invested in Switzerland that will be secured by the U.S. Sarao will have to pay 2.5 million pounds from the Swiss assets to the court once the money becomes available.