Bail For Alleged 'Flash Crash' Trader Set At More Than $7M

April 22, 2015 4:35 PM

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A British man who U.S. prosecutors say contributed to the 2010 "flash crash" on Wall Street has told a London court that he opposes extradition to the U.S.

Navinder Singh Sarao, 36, was freed today on bail of more than £5 million (about $7.5 million). He was charged Feb. 11 in a federal criminal complaint in the Northern District of Illinois with one count of wire fraud, 10 counts of commodities fraud, 10 counts of commodities manipulation, and one cou...

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