Man trading from parents' house to be extradited to New York

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He is accused of triggering a $500b stock market crash from his parents' house in Hounslow.

guardian said:

A British financial trader has been granted bail on sureties of more than £5m after appearing in court accused of contributing to the 2010 Wall Street “flash crash” that wiped billions of dollars from the value of US shares in minutes.

Navinder Singh Sarao, 36, from Hounslow, west London, is accused of helping to trigger the stock market crash that sent the Dow Jones index down more than 5% in five minutes, five years ago.

He appeared at Westminster magistrates court on Wednesday morning after being arrested the night before, following a US Department of Justice request for his extradition to the US. He will remain in jail for at least one more night until the bail conditions can be met.

http://www.theguardian.com/business/2015/apr/22/flash-crash-case-uk-trader-to-fight-extradition-to-us

http://www.dailymail.co.uk/news/article-3049633/Tr...