Summary Box: Disney executive’s assistant charged in insider trading case
By APThursday, May 27, 2010
Summary Box: Disney exec’s assistant charged
THE CHARGE: Federal prosecutors said a man in Los Angeles and his girlfriend, a secretary to Disney’s head of corporate communications, tried to sell tips about Disney’s financial results before they were publicly announced.
THE INVESTIGATION: The government said the pair approached hedge funds and other investment companies, which notified the FBI.
POTENTIAL PENALTY: The defendants could face 25 years in prison.
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