All posts filed under: NEIGHBOURHOOD WATCH

Why Mellow Parsons Green was a Bomb Plot too Far

Parsons Green? When news filtered in of an ‘incident’ at a west London train station, you had to do a double take to be sure it was actually the same idyllic neighbourhood with the ample green park families seem to luxuriate in every time harried neighbouring Fulhamites rushed past . The hustle and bustle from the butt-end of the King’s Road is drowned out by the civilised mellow pace of life in this genteel part of town. Well, it turned out to be southwest London, although it really was just a quirk of geography due to its close proximity to its west London neighbours Fulham and Chelsea. TO BE CONTINUED…  

Wall Street Flash Crash: Hounslow Man in Court over £27m Fraud

A man from the west London suburb of Hounslow has appeared at Westminster Magistrates’ Court over ‘flash crash’ stock exchange manipulation that wiped £500bn off American shares for a few minutes in May 2010. In US Department of Justice extradition papers seen by WLT, Navinder Singh Sarao, 37 is wanted to face charges of wire fraud, commodities fraud and market manipulation. Mr Sarao is alleged to have carried out the criminal enterprise described as high frequency trading from the Hounslow address where he lives with his parents trading as Nav Sarao Futures Limited. US regulatory authorities also allege Sarao made $40m (£27m) over five years. Mr Sarao has opposed his extradition and bail has been set at £5.05m bail with his parents required to deposit £50,000 with the court. He is to reappear in court in May. His passport and his parents’ passports have also been confiscated and he has to report to a local police station. He faces 380 years imprisonment if extradited and convicted of the charges.