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Navinder Singh Sarao, 36, who traded from his
parents' modest home in west London, has been charged by the
U.S. Justice Department with wire fraud, commodities fraud and
market manipulation.
At a hearing last week, he was granted bail provided he produced
just over 5 million pounds ($7.7 million) and met other
conditions.
"Those conditions have not been met and the defendant invites no
further order from the court in that regard," his lawyer Joel
Smith told Westminster Magistrates' Court.
District judge Jeremy Coleman said: "You have not met the
conditions of bail as yet so I rebail you on exactly the same
conditions as before. If you meet those conditions, you will be
released, if you do not then you will be back here on May 6."
The date for a full extradition hearing was put back from August
to Sept. 24 and 25.
Sarao, wearing a grey sweatshirt and tracksuit trousers, spoke
only to confirm his date of birth and address. The small
courtroom was packed with more than two dozen journalists.
His lawyers declined to make any comment as they left the
courtroom.
(Reporting by Michael Holden, writing by Estelle Shirbon; editng
by Stephen Addison)
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