Friday, 22 August 2014
Last updated 2 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.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note