Michelle Williams' father, a prominent stock market trader, lost a court appeal Friday against a second U.S. attempt to extradite him on tax evasion charges.

Three federal court judges in Sydney, Australia, dismissed the attempt by Larry Williams, 64, to stop the U.S. and New South Wales state courts from taking steps to extradite him.

Williams, a resident of the Virgin Islands, is wanted by the Internal Revenue Service on charges of willfully attempting to evade $1.5 million in taxes from 1990 to 2001.