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Former UBS trader pleads not guilty in UK court
Legal Line News |
2012/01/30 13:18
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A former UBS trader arrested in London on charges of fraud linked with unauthorized trades that cost the Swiss bank more than $2bn pleaded not guilty Monday to the charges against him.
Kweku Adoboli, 31, pleaded not guilty to two counts of fraud and two of false accounting between 2008 and September 2011 at London's Southwark Crown Court.
The trader was arrested on Sept. 14 after on charges of committing fraud that cost the bank over $2 billion.
The incident pushed then-CEO Oswald Gruebel to resign and damaged the bank's efforts to clean up its image after being involved in a United States tax evasion investigation and sustaining huge losses on subprime mortgages during the financial crisis.
City watchdog the Financial Services Authority and its Swiss counterpart have launched an investigation into why UBS failed to spot allegedly fraudulent trading.
Adoboli's case was delayed last year after he replaced his former lawyers at Kingsley Napley law firm with a new team from Bark amp; Co., which specializes in fraud cases. McCreath set a provisional trial date for September 3 and remanded Adoboli in custody. He said he was willing to hear an application for bail. |
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More charges filed in Los Angeles arsons case
Legal Line News |
2012/01/25 09:47
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A German man pleaded not guilty Tuesday to additional charges accusing him of setting nearly 50 fires, mostly to parked cars, which terrorized parts of Los Angeles over the New Year's weekend.
Deputy Public Defender Gustavo Sztraicher entered the plea in Superior Court on behalf of Harry Burkhart, who spoke only to identify himself and acknowledge that he understood the legal process.
Bail was set at $7.5 million, and Burkhart was scheduled to return to court March 1.
Outside court, Sztraicher had no comment.
Earlier in the day, the criminal complaint against Burkhart was amended to include a total of 100 arson-related counts involving 49 fires in Hollywood, West Hollywood and the San Fernando Valley. If convicted, the 24-year-old faces more than 80 years in state prison.
The rash of fires left residents on edge between Dec. 30 and Jan. 2 as parked cars were torched during the night. Some of the fires spread to carports and nearby buildings, including a former home of Doors singer Jim Morrison, and rousted people from their beds. Another one of the blazes was at the Hollywood and Highland entertainment complex, a popular tourist destination bordered by the Walk of Fame. |
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Court orders new psychiatric review of Breivik
Legal Line News |
2012/01/12 10:14
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A Norwegian court on Friday ordered a new psychiatric evaluation of confessed mass killer Anders Behring Breivik, after an earlier report found him legally insane.
Judge Wenche Elizabeth Arntzen said in Oslo the new evaluation is necessary considering widespread criticism of the initial findings, which suggested Breivik should be sent to psychiatric care instead of prison.
The 32-year-old Norwegian has confessed to a bomb and shooting spree July 22 that killed 77 people and traumatized the peaceful Scandinavian country.
Breivik denies criminal guilt, saying he's a commander of a resistance movement aiming to overthrow European governments and replace them with patriotic regimes that would deport Muslim immigrants.
Investigators have found no sign of such a movement and say Breivik most likely plotted and carried out the attacks on his own.
Arntzen said two Norwegian psychiatrists — Agnar Aspaas and Terje Toerrisen — had been appointed for the new evaluation.
However, Breivik doesn't want to talk to them because he doesn't believe they will understand him any better than the experts who interviewed him for the first assessment, defense lawyer Geir Lippestad, told reporters after speaking to his client in prison.
Lippestad also said that the defense team is skeptical toward a new evaluation because the first assessment was leaked to Norwegian media. |
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Court papers: NYC officer shooting suspect sorry
Legal Line News |
2012/01/04 09:39
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The man charged with murder in the shooting death of a police officer during a botched break-in apologized and said he didn't mean to fire the gun, according to court papers released Wednesday.
Lamont Pride, 27, and four others have pleaded not guilty in the death of Officer Peter Figoski, who was shot once in the face Dec. 12 as he tried to enter the basement apartment, the scene of a reported burglary. While Pride was being driven in a police car to central booking, he told police he was sorry, according to the papers.
I didn't mean for this to happen, he said. I didn't want to kill a cop. It went wrong and I'm sorry. I can't take it back, he said, according to the papers.
Through the stack of messy, hand-written statements gleaned from investigators, the plot emerges as a badly-conceived attempt to rob a drug dealer. Authorities said Pride and the others hatched the plot the day before to rob the apartment. Michael Velez, 21, stayed in the getaway car as the four others went in to the dingy, barely finished apartment at 25 Pine St. Ariel Tejada, 22, and Nelson Morales, 27, pistol-whipped the tenant and beat him while they ransacked the place, authorities charged. |
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