Saturday, 5 September 2015
Last updated 10 hours ago
Sep 22 2010 | 12:07pm ET
A month after her boyfriend admitted his role in an insider-trading scam, a former Walt Disney Co. secretary has pleaded guilty to the charges, as well.
Bonnie Hoxie used her post as an assistant to Disney communications chief Zenia Mucha to steal corporate information about the entertainment company before it became public. Hoxie and her boyfriend, Yonni Sebbag, then sought to sell that insider information and access to a number of investment firms, including 20 hedge funds.
Unfortunately for both, the only “investors” to bite proved to be Federal Bureau of Investigation agents.
Hoxie pleaded guilty to conspiracy and wire fraud. She remains free on $50,000 bail, and faces between four and 10 months in prison when she is sentenced on Dec. 21. That’s significantly less time than that faced by Sebbag, who could spend almost three years in prison and is then likely to be deported to his native Morocco.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…