Insider trader faces jail

A former UBS executive who socialised with a businessman in exclusive nightclubs and fed him inside information to help him make £1.4m has been convicted of insider trading. Fabiana Abdel-Malek, 36, used her access to the investment bank’s database to feed Walid Choucair, 40, tips about upcoming takeovers, including US cosmetics firm Elizabeth Arden. They used burner phones to communicate, changing the SIMS and handsets at regular intervals to avoid detection. The pair visited exclusive private members’ clubs in central…