UK trader arrested for May 2010 U.S. Stock market flash crash

Discussion in 'Wall St. News' started by just21, Apr 21, 2015.

  1. romik

    romik

    Well, either way he is screwed.
     
    #541     Sep 22, 2015
  2. dealmaker

    dealmaker

     
    #542     Sep 24, 2015
  3. just21

    just21

    #543     Sep 25, 2015
  4. Pekelo

    Pekelo

    It looks to me, the US attorney screwed it up. Had they not filed a new claim, they could have proceeded with the hearings (well, once Sarao's lawyer learns to walk again) but now because of this new filings, there are months of delays...

    http://www.telegraph.co.uk/finance/...er-Navinder-Sarao-facing-new-allegations.html

    They could have hit him with the new allegations once he is already in the US, or if they lose the extradition request. Filing it now didn't make sense...
     
    #544     Sep 26, 2015
  5. WOW ! What a huge mistake....and likely because the US Attorney was overconfident....and "full of himself". Ego's in the legal profession are just so much part of the legal process.
    This now gives Nav plenty of time to plan an escape.
     
    #545     Sep 27, 2015
  6. dealmaker

    dealmaker

    He can't just escape anywhere, he has to escape to a country with no extradition treaty. Given his name I am inclined to think, US officials are watching India like a hawk however, I have been wrong before giving officials too much credit.
     
    #546     Sep 27, 2015
  7. May be not at all a mistake. :D
    The art of not being fooled easily by appearances.
     
    #547     Sep 28, 2015
  8. Well, at least Nav has these options: These countries currently have no extradition treaty with the United States:

    Afghanistan, Algeria, Andorra, Angola, Armenia, Bahrain, Bangladesh, Belarus, Bosnia and
    Herzegovina, Brunei, Burkina Faso, Burma, Burundi, Cambodia, Cameroon, Cape Verde, the Central African Republic, Chad, Mainland China, Comoros, Congo (Kinshasa), Congo (Brazzaville), Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Guinea, Guinea-Bissau, Indonesia, Ivory Coast, Kazakhstan, Kosovo, Kuwait, Laos, Lebanon, Libya, Macedonia, Madagascar, Maldives, Mali, Marshall Islands, Mauritania, Micronesia, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Namibia, Nepal, Niger, Oman, Qatar, Russia, Rwanda, Samoa, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Somalia, Sudan, Syria, Togo, Tunisia, Uganda, Ukraine, United Arab Emirates, Uzbekistan, Vanuatu,
    Vatican, Vietnam and Yemen.

    Heck, he could hang-out with the Pope or with Vladimir Puten or the Somalian pirates.
     
    #548     Sep 29, 2015
  9. luisHK

    luisHK

    It's not so easy to escape, if he jumps bail from the UK he won't get a new passport from the UK (not sure wether he has another nationality) and it's not like he can enter any country then stay there without the proper documents.
    Besides he seems to have an awful lot of money frozen, fa from surehe has much money left. It still doesn't look good for him except if the UK judge refuses extradition.
    Also extradition treaty are only part of the problem, residence and immigration iregularities can get one sent back to his home country regardless of the existing treaties, actually recently 2 chinese fugitive have been sent back to China from the US, a little while ago news were mentioning the possible imigration issues to pave the way to their extradition.

    Besides can someone explain : if UK is ready to extradite one of his own citizens to the US because of white collar charges how come the US couldn't get Assange extradited from the UK ? Indeed it seems Assange was afraid to be extradited to the US from Sweden in case UK sent him to Sweden, but not afraid from beeing extradited directly from the UK to the US.
     
    Last edited: Sep 29, 2015
    #549     Sep 29, 2015
  10. romik

    romik

    Because Assange walked into an embassy of Ecuador and seemed political asylum.
     
    #550     Sep 29, 2015