Disney Corp. Comm. Staffer Arrested for Insider Trading

Bonnie Hoxie, executive assistant to Disney head of corporate communications Zenia Mucha, has been arrested and charged with insider trading.

Hoxie used her access to attempt to sell information to hedge funds that Disney was in talks to sell its ABC network. In emails to hedge funds, Hoxie and an accomplice wrote:

Hi, I have access to DISNEY’S (DIS) quarterly earnings report before its release on 5/3/10. I am willing to share this information for a fee that we can determine later.

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