Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…