Former HSBC FX trader wins UK order blocking his extradition to US

Bloomberg

Stuart Scott, the former head of currency trading at HSBC Holdings Plc, won a last-ditch battle to block his extradition to the US, where he would face wire-fraud charges.
Scott was charged, along with his ex-boss Mark Johnson, by the US Justice Department in July 2016 with front-running a $3.5 billion currency order from Cairn Energy Plc in 2011 that made the bank $8 million. A London judge ordered his extradition in October.
UK Court of Appeal judges ruled that “most of the harm took place” in the UK and that Scott has a strong connection to his home country. Scott’s “extradition is not in the interests of justice and the appeal should be allowed.”
Anne Davies, a lawyer for Scott, said her client was pleased with the ruling, but the US government had indicated that it would appeal. Scott appealed on four grounds and won on one, according to the judgment.
A spokesman for the Crown Prosecution Service didn’t immediately comment on the ruling.