A former assistant to a top Disney executive was arrested for allegedly trying to sell the company's quarterly earnings to buyers who wanted to trade on inside information.
Prosecutors say Bonnie Hoxie, 33, who has worked as a secretary for Disney's PR chief since 2007, passed along inside information such as quarterly earnings statements to her boyfriend, Yonnie Sebbag aka Jonathan Cyrus, who was also arrested for his alleged role in the crime.
Sebbag, 29, then tried to sell the inside information to investors by sending anonymous letters to hedge funds and investment companies, according to the complaint in Federal Court. (more)
