Trader protests innocence.
The trader accused of contributing to the 2010 flash crash defiantly proclaimed his innocence after a judge issued a ruling that could keep him in a London jail for months pending the resolution of the U.S. extradition case.
'I’ve not done anything wrong apart from being good at my job', Navinder Singh Sarao shouted at reporters Wednesday from the courtroom dock after Judge Elizabeth Roscoe rejected his request to modify his bail terms.
Bloomberg News reports that the comments, on the fifth anniversary of the flash crash, were the first by the 36-year-old since he was charged by U.S. prosecutors with 22 counts of fraud and market manipulation last month.
He was responsible for one in five sell orders during the frenzy on May 6, 2010, when investors saw almost $1tril of value erased from U.S. stocks in minutes, according to U.S. authorities.
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