Swiss Trader Set to Be Star Witness at U.S. Insider Trial (1)

Dec. 20, 2019, 8:49 PM

A mysterious Swiss trader tied to an international insider-trading network is in U.S. custody and preparing to testify in the New York criminal trial of an alleged member of the operation.

Marc Demane-Debih, a Geneva-based trader arrested in Serbia last year, pleaded guilty to 38 criminal counts and agreed to cooperate with prosecutors in a closed-door proceeding in October, according to an FBI affidavit disclosed in a court filing. He’s also expected to testify in the upcoming federal trial in Manhattan of Telemaque Lavidas, the son of a wealthy Greek pharmaceutical executive, the judge overseeing the case said at a ...

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