‘No Money,’ ‘No Motive:’ Case Against Ex-UBS Officer Called Weak
- Choucair lawyer says that his client wasn’t target of FCA
- Choucair, ex-UBS compliance officer on trial in London
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The lawyer for a day trader charged with receiving illegal tips from a UBS Group AG compliance officer told a London court that the case only emerged from a probe into a much wealthier investor.
Investigators were already probing Alshair Fiyaz, a flamboyant multi-millionaire who bought a yacht that was previously owned by billionaire Roman Abramovich, when they came across Walid Choucair, Richard Wormald, Choucair’s lawyer, told jurors.