Tuesday, August 24, 2010
LA Man Pleads Guilty to Selling Inside Stock Info on Walt Disney Co. to Undercover FBI Agents
By Allan Lengel
Yonni Sebbag won’t be going to Disney World any time soon. In fact, he’s probably going to a place far scarier.
On Monday, in New York, Yonni Sebbag, 30, of Los Angeles, pleaded guilty to conspiring with his girlfriend to sell insider information about Walt Disney Co. stock, the U.S. Attorney’s Office in Manhattan said.
Authorities say that Sebbag’s girlfriend Bonnie Hoxie, an assistant to Disney’s corporate communications chief, obtained confidential information about the company and gave it to Sebbag to sell.
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Labels:
FBI,
hedge funds,
insider information,
Los Angeles,
New York,
stock,
tippees,
Walt Disney Co.,
Yonni Sebbag
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