‘Insider trader made £1.4m’

A wealthy trader socialised with a banking compliance officer in exclusive nightclubs while she fed him inside information to help him make £1.4m, a court heard. UBS employee Fiabiana Abdel-Malek, 36, used her access to the investment bank’s database to send tips about upcoming company takeovers to Walid Choucair, 39. Southwark Crown Court heard how the friends used burner phones to communicate, changing the SIMS and handsets at regular intervals to avoid detection. The pair visited exclusive private members’ clubs…