Flash-Crash Trader Faces Fight to Stop Extradition to the U.S.
- Navinder Sarao to appear in a London court Friday for hearing
- Sarao's lawyers to argue his behavior isn't illegal in U.K.
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Navinder Singh Sarao is used to fighting other traders on the derivatives markets. The 36-year-old faces a much tougher battle Friday when his lawyers try to convince a London judge he shouldn’t be extradited to the U.S. to face criminal charges.
A one-day hearing will determine whether the U.S. has grounds to force Sarao to leave the U.K. to face a 22-count indictment for fraud and market manipulation. Whatever the outcome at London’s Westminster Magistrates’ Court, an appeal is certain, according to lawyers.