Trader Wins Bail as He Fights Extradition in U.S. Insider Case

Nov. 6, 2019, 12:15 PM

A securities trader facing extradition on U.S. insider-trading charges was granted bail by a London judge, overriding concerns that he was a flight risk.

Joseph El-Khouri, who holds dual Lebanese-British citizenship, was ordered to surrender his passports and pay 50,000 pounds ($64,400) in security as he prepares to fight the extradition.

Judge Michael Supperstone dismissed an appeal on Nov. 6 by the U.S. government, which had said that the bail amount was too low considering his “significant wealth.” Prosecutors allege that El-Khouri made $2 million from his participation in an international insider-trading conspiracy. He denies the charges.

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