Pay back £4 million or do another five years

A trader who corrupted a banker into sharing top secret financial information by lavishing her with a ‘luxury lifestyle’ must pay back nearly £4 million or face another eight years in jail. Walid Choucair, 41, convinced Fabiana Abdel-Malek, 38, to use her access to the UBS database to feed him tips about upcoming takeovers. The crooked pact allowed Choucair to trade in five stocks, including US cosmetics firm Elizabeth Arden, before the rest of the market became aware of planned…

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