Ex-UBS Banker Lied In Insider Trading Case: Atty

Law360, New York (October 4, 2010, 6:04 PM EDT) -- Lawyers for a former Jefferies & Co. Inc. portfolio manager attacked the credibility of a key government witness during closing arguments in an insider trading case Monday, claiming the former UBS AG banker lied to avoid spending as much as 50 years in prison.

Joseph Contorinis' lawyer Theodore V. Wells Jr. told jurors in the U.S. District Court for the Southern District of New York that the witness and alleged inside-information tipster, Nicos Stephanou, is a habitual liar who pointed fingers at friends following his arrest....
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