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Entries in Arrest (2)

Sunday
Nov062011

Police Arrest Occupy Atlanta Protesters

Jupiterimages/Thinkstock(ATLANTA) -- Police arrested nearly two dozen protesters in Atlanta on Saturday.

Occupy Atlanta protestors camping in Woodruff Park began leaving before an 11 p.m. deadline when the park was due to close. Protesters, who have been camping in the park since Oct. 7, began filing out of the park shortly before the deadline imposed by the city due to security concerns in the area. Despite earlier statements from the Occupy group that they would stay, most left and took their protest to Peachtree Street.

Police arrested 19 people who they say became involved in a melee with police after an officer nearly ran a protester over with his motorcycle. Others who did not leave the park in time were also arrested.

According to the Atlanta-Journal Constitution, Mayor Kasim Reed's office said the occupation of Woodruff Park cost the city $451,000 mainly on police overtime.

Copyright 2011 ABC News Radio

Thursday
Sep152011

Did Single Trader Cost UBS $2 Billion? Arrest Made in London

SEBASTIAN DERUNGS/AFP/Getty Images(LONDON) -- A 31-year-old man has been arrested in connection to UBS' announcement that a single trader may have cost the bank an estimated $2 billion.

The man, who has not been identified, was detained in London Thursday morning.

That same day, the Swiss bank said in a statement that "unauthorized trading by a trader in its Investment Bank" resulted in the 10-figure loss.

UBS noted that the amount lost could change since the matter was still under investigation, and warned that the deficit could lead it to report a loss when its third quarter figures come out for the year.

The bank did not offer any further details but said that "no client positions were affected."

Copyright 2011 ABC News Radio







ABC News Radio