Gordon Gekko Takes on Insider Trading


The FBI today also released video from an insider trading case involving the Walt Disney Company, the parent company of ABC, where Bonnie Hoxie, a former assistant to a top executive at Disney where she passed information to her boyfriend Yonni Sebbag, a.k.a "Jonathan Cyrus." Sebbag sent multiple inquires to hedge funds and tried to peddle the inside information he was getting from Hoxie.

On the FBI video Sebbag bragged that he had top information, telling an FBI undercover agent, "Any information that comes through my executives, like CEO, any information."

"What motivates me is money," Sebbag said on the FBI video.

At one point Sebbag asked the undercover agent, "You're not FBI or SEC, right?... we're OK, right?"

"Well, I'm the CIA," the undercover agent responded and the men shared a laugh as they proceeded with the deal. Both Bonnie Hoxie and Yonni Sebbag pleaded guilty to wire fraud, conspiracy to commit securities and wire fraud. Hoxie only received a sentence of four months home confinement after a judge agreed she was manipulated by Sebbag who was sentenced to 27 months in federal prison.

The FBI report released today noted that in 2011 the FBI had 726 pending corporate fraud cases and noted today that the Bureau secured $2.4 billion in restitution and over $16 million in fines from corporate criminal defendants.

ABC News' Aaron Katersky contributed to this report.

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