(Disney insider trading story updated with names of the accused and additional details about the case.)
NEW YORK (TheStreet) -- A Disney (DIS) - Get Report executive assistant and her boyfriend have been charged by the SEC in a plot to sell confidential quarterly earnings information about Disney to hedge funds around the world, the SEC announced.
The couple, Bonnie Jean Hoxie, the assistant of a high-level Disney executive, and her boyfriend, Yonni Sebbag, were allegedly caught in the act by FBI agents pretending to be investment managers. During their correspondence, Sebbag allegedly told the individuals he thought were potential clients that he wanted to do business with them on a regular basis and to be compensated for providing them with the confidential financial information.
Sebbag also allegedly conveyed that he understood the risks involved in these transactions and didn't want to be caught.
In an excerpt of e-mails sent to the undercover agents, Sebbag, according to the FBI, wrote: "... $15k sounds great and $30k even better as I hope you will make a killing from Q2 earnings. I promise I will keep you informed of any unanticipated event, I keep my ears wide open here."
Another excerpt allegedly said: "I can deliver 3 to 4 days before release. I will email you the report as soon as I have it and you will wire transfer the money to my account after you get a hold of it."
The couple, who were arrested in Los Angeles, are accused of sending out anonymous letters in March to more than 20 hedge funds in the U.S. and Europe, offering information about Disney's second-quarter earnings ahead of its release, for payment. According to the SEC complaint, several of these hedge funds told the SEC about it, who then started working with the U.S. Attorney's Office for the Southern District of New York and the FBI to investigate the reports.
The SEC's complaint was filed with the U.S. District Court for the Southern District of New York. "Sebbag and Hoxie engaged in acts or practices that constitute violations of the anti-fraud provisions of the federal securities laws," the SEC said in a press release.
, Hoxie, 33, and Sebbag, 29 -- also known as Jonathan Cyrus -- who live in Los Angeles, were due for an arraignment in an LA federal court on Wednesday. It was not immediately certain who would be representing them, according to
-- Reported by Andrea Tse in New York
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