Spoofing Isn’t a U.K. Crime, Attorney Says in Sarao Case

By Suzi Ring, Bloomberg News

Navinder Singh Sarao, the British trader accused of contributing to the 2010 Flash Crash, shouldn’t be extradited to the U.S. to face the charges because his alleged conduct isn’t a crime under English law, his attorney told a London court.

“There is no English crime of spoofing,” trial lawyer James Lewis said on Friday, the second and final day of a hearing on Sarao’s extradition. “The key question for this court is whether the conduct of Mr. Sarao amounts to a crime if it were to happen in the U.K.”

Sarao is accused by U.S. ...