An Walt Disney employee and her boyfriend will be in an LA courtroom this afternoon on charges of trying to sell inside information on the company to more than 30 hedge funds. One tip was that Disney was in advanced talks to sell its ABC TV network.
Bonnie Hoxie and Yonni Sebbag were arrested by FBI agents in Los Angeles.
The criminal complaint filed in New York federal court accuses Hoxie and Sebbag with conspiracy and wire fraud in allegations of illegal insider trading. The charges carry a maximum sentence of 20 years in prison if found guilty.
• TVNewser has more on the ABC angle including a statement from the company…