Ex-Disney Secretary Pleads Guilty In Insider-Trading Case

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...