Navinder Sarao agreed to pay more than £10 million to the US government as part of a plea bargain Matt Dunham/Associated PressA British financial trader nicknamed the “Hound of Hounslow” after he caused a stock market crash from his bedroom, wiping billions off the value of US shares, admitted fraud charges in the US yesterday. Navinder Sarao, 37, who was accused of triggering the 2010 Wall Street “flash crash” from his parents’ two-bedroom home in Hounslow, west London, pleaded guilty in a federal court in Chicago to wire fraud and spoofing. Sarao, who traded futures on the Chicago Mercantile Exchange, lost an 18-month battle against extradition to the US last month. He had claimed that the charges were not illegal under UK law. The graduate of Brunel University appeared in court wearing an orange jail jumpsuit and leg shackles to admit two of the charges he…

Source: The Times November 10, 2016 00:54 UTC