British trader charged in ‘flash crash’ pleads guilty

By MICHAEL TARMNovember 10, 2016 GMT

CHICAGO (AP) — A British futures trader pleaded guilty Wednesday during his first U.S. court appearance since helping to trigger a May 6, 2010, "flash crash" from his parents' suburban London home that wiped tens of billions of dollars off the value of U.S. stocks, rattling investors and leaving many wondering if the market was rigged.

UK court OKs extradition of accused ‘flash crash’ trader

October 14, 2016 GMT

LONDON (AP) — The High Court in London has ruled that a British financial trader suspected of helping to trigger the 2010 "Flash Crash" in stock markets can be extradited to the United States.

Navinder Singh Sarao is wanted in the U.S. on charges related to the crash, which saw U.S. stock values plunge and rebound, with tens of billions of dollars lost in just five minutes.