Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, August 23, 2010

Boyfriend of Former Disney Employee Pleads Guilty to Attempt to Sell Earnings Information

The boyfriend of a former Walt Disney administrative assistant settled federal criminal charges that he offered to sell hedge funds early access to Disney's earnings reports.  Yonni Sebbag pleaded guilty to conspiracy to commit securities and wire fraud and one count of wire fraud in federal court in Manhattan and faces 27-33 months in prison.  Bonnie Hoxie, the former Disney employee, was not a party to the settlement, and the settlement does not affect pending SEC civil charges.  WSJ, Boyfriend of Ex-Disney Assistant Pleads Guilty in Insider Case.

http://lawprofessors.typepad.com/securities/2010/08/boyfriend-of-former-disney-employee-pleads-guilty-to-attempt-to-sell-earnings-information.html

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