Man charged in Disney trade scheme jailed in NY
June 9, 2010 Yonni Sebbag and his girlfriend, Disney employee Bonnie Hoxie,
were arrested in California last month in the insider trading case
filed in New York.
A judge ordered the 29-year-old held without bail on Tuesday
during a brief appearance in federal court in Manhattan. Hoxie was
expected to appear in the same courthouse later this week.
Prosecutors allege Hoxie obtained information on Disney's
quarterly earnings before they were made public and fed them to
Sebbag. He's accused of trying to sell the tips to at least 33
investment companies.
If convicted, Hoxie and Sebbag would each face up to 25 years in
prison.