Flash Crash Spoofer Sarao Now A "Flight Risk"

Alleged “flash crash spoofer” Navinder Singh Sarao, accused of being a contributing factor to the May 6, 2010 algorithmic disaster that sent the Dow Jones Industrial average tumbling nearly 1,000 points, is now considered a “flight risk” as he remains in custody in London. Judge calls Sarao “clear flight risk” as family fails to meet second bail payment Fighting extradition, Sarao was told today by London’s High Court that he, the man who traded from his parent’s basement and is accused of generating $40 million in illicit trading profits, is a “clear flight risk.” The court noted he owned very few…