Tuesday, 23 September 2014
Last updated 12 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.