London-based trader lost his extradition case in March after contesting the demand
Navinder Sarao, the so-called Hound of
Hounslow, has pleaded guilty to charges brought by the US
government over the "Flash crash" of 2010.
Sarao has pleaded guilty to charges of
spoofing and wire fraud at a courtroom in Chicago which said he
faces up to 30 years in prison, according to a report by
He had previously faced 22 charges - which
could see a maximum sentence of 380 years - including one count
of wire fraud, 10 counts of commodities fraud, 10 counts of
commodities manipulation and one count of spoofing.
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