Two people, including an employee of the Walt Disney Company, were arrested in Los Angeles on Wednesday on charges of insider trading tied to the entertainment giant.
The two individuals — Bonnie Hoxie, an executive assistant at Disney, and Yonni Sebbag, a friend — were accused of trying to sell confidential information about Disney to several investment firms, including hedge funds.
The information included quarterly earnings and purported tips on alleged efforts to sell the ABC television network to private equity firms. READ THE REST
Guess this explains where all the ABC for sale rumors are coming from that financial sites have been posting the last several months. Who knows if it is even true.