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You can find the current article at its original source at https://www.theguardian.com/business/2016/oct/14/british-trader-navinder-singh-sarao-loses-appeal-extradition-decision-flash-crash
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| British trader accused of causing 'flash crash' loses extradition appeal attempt | British trader accused of causing 'flash crash' loses extradition appeal attempt |
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| The British financial trader accused of helping trigger a multibillion-dollar Wall Street crash has lost a legal challenge against a ruling that he can be extradited to the US to stand trial. | The British financial trader accused of helping trigger a multibillion-dollar Wall Street crash has lost a legal challenge against a ruling that he can be extradited to the US to stand trial. |
| Navinder Singh Sarao, 37, nicknamed the Hound of Hounslow, is wanted in the US over allegations that he helped cause the 2010 Wall Street “flash crash” from his parents’ home, 3,500 miles away in Hounslow, west London. | Navinder Singh Sarao, 37, nicknamed the Hound of Hounslow, is wanted in the US over allegations that he helped cause the 2010 Wall Street “flash crash” from his parents’ home, 3,500 miles away in Hounslow, west London. |
| Lord Justice Gross and Mr Justice Nicol refused to give Sarao permission to appeal against the extradition order at a high court hearing in London on Friday. Sarao, who is on bail, was not present. | Lord Justice Gross and Mr Justice Nicol refused to give Sarao permission to appeal against the extradition order at a high court hearing in London on Friday. Sarao, who is on bail, was not present. |
| He faces 22 charges that carry a maximum combined sentence of 380 years, relating to allegations that he contributed to the Dow Jones Industrial Average plunging 600 points in five minutes, wiping tens of billions of pounds off the value of US shares. | He faces 22 charges that carry a maximum combined sentence of 380 years, relating to allegations that he contributed to the Dow Jones Industrial Average plunging 600 points in five minutes, wiping tens of billions of pounds off the value of US shares. |
| US authorities claim Sarao made $875,000 (£715,000) on 6 May 2010, the day of the crash, part of illegal earnings of more than $40m over a five-year period. | |
| The initial extradition ruling was made by the district judge, Quentin Purdy, at Westminster magistrates court in March. | The initial extradition ruling was made by the district judge, Quentin Purdy, at Westminster magistrates court in March. |