Walt Disney Co. secretary and boyfriend arrested on charges of scheming inside information

Walt Disney Co. secretary and boyfriend arrested on charges of scheming inside informationThe U. S. Justice Department has said that the FBI arrested a Walt Disney Co. secretary and her boyfriend on charges of scheming to profit on insider information.

The Los Angeles Times has reported that agents arrested Jean Hoxie and Yonni Sebbag, who allegedly sent anonymous letters to more than 20 hedge funds, outlining a scheme to sell corporate reports before their public release dates.

It has been reported that the FBI set up a sting and purchased a 107-page confidential company earnings report for $15,000 from Sebbag, who allegedly sent an e-mail to the FBI saying he wanted the hedge fund to "make a killing."

"I'm looking to build a strong business relationship with you for future quarters and information," Sebbag wrote in one e-mail.

Hoxie worked as the secretary for Disney's head of corporate communications Zenia Mucha.

It was further reported that the couple was charged with fraud and wire fraud and face up to 25 years of prison if convicted on both counts. (With Inputs from Agencies)