* Navinder Singh Sarao allegedly masterminded the Wall Street 'Flash Crash'
* The 2010 crash wiped almost a trillion dollars from global share prices
* He was warned in court yesterday that he faces a 380-year jail sentence
* But the whereabouts of the £26million he allegedly pocketed is a mystery
Sarao is accused of making £26 million from illegal trades over five years and an investigation team involving six agencies in the US and Britain want him put on trial in New York.
He allegedly used automated trading software to 'spoof' the market by placing up to 19,000 orders and then cancelling them, all in under one second.
Sarao was granted bail until May 26 in return for a £5 million security. Just how a man who still lives with his parents in a London suburb can raise £5 million will be of interest to the authorities – and to neighbours who say there was no hint of his vast wealth.
Nick Leeson, the rogue trader who brought down Barings Bank in the 1990s, said yesterday Sarao might be being used as a scapegoat by the US authorities. He told LBC Radio: 'The story doesn't entirely ring true for me. I hate to jump to conclusions, but is he a scapegoat? It's just very difficult to see how somebody so small has done something so big.'