Accused Trader in UBS Insider Case Bought 3-Liter Bottles of Cristal
- Walid Choucair is on trial in London for insider trading
- Ex-UBS compliance officer accused of giving him tips on deals
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Day trader Walid Choucair often spent thousands of pounds on oversized bottles of champagne at Tramp, a private members club in London’s tony Mayfair area. But he also came to play electric guitar with his band.
Details of Choucair’s habit of going to Tramp every other week emerged when the club’s general manager, David Fleming, testified at the insider dealing trial of the day trader and his friend, former UBS Group AG compliance officer Fabiana Abdel-Malek.