Investor Pleads Guilty in Albertsons Trade Fraud

A banker who executed trades against confidential information that Albertsons would be sold pleaded guilty to charges of conspiracy and securities fraud, federal investigators said.

NEW YORK — A banker who executed trades against confidential information that Albertsons would be sold pleaded guilty to charges of conspiracy and securities fraud, federal investigators here said.

According to the U.S. Attorney's Office, Michael Koulouroudis executed trades on tips provided to him by Nicos Stephanou, an investment banker at UBS who represented a private equity firm that was interested in acquiring Albertsons in 2005 and 2006. Koulouroudis faces up to five year

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