Is she related to Dumbo?

By ETHAN SMITH And JOHN R. EMSHWILLER WSJ May 27, 2010

Federal authorities alleged Wednesday that a Walt Disney Co. executive assistant and her boyfriend engaged in a ham-handed plot to sell Wall Street traders inside information, first offered in a chirpy missive sent to dozens of investment companies.

"Hi, I have access to Disney's (DIS) quarterly earnings report before its release on 05/03/10," the March 5 letter began. "I am willing to share this information for a fee that we can determine later."
The alleged plan went awry. Instead of taking the bait, "multiple hedge funds reported the illicit scheme," the Securities and Exchange Commission said in a press release.

More

• Document: SEC Complaint
• Deal Journal: She Did It for the Shoes

In a pair of complaints filed Wednesday, federal authorities said the letter and subsequent emails were sent by Yonni Sebbag, whose girlfriend Bonnie Hoxie was an assistant to Disney's head of corporate communications.

Disney said in a statement Wednesday that it "has been fully cooperating with this investigation." Ms. Hoxie was at work as recently as Tuesday, according to people at the company.
A federal judge ordered Mr. Sebbag held as a potential flight risk and released Ms. Hoxie on a $50,000 bond Wednesday. Neither responded to the charges in a bail hearing Wednesday.

The March 5 form letter was sent to 33 investment companies, according to a criminal complaint filed by the U.S. Attorney's office in Manhattan federal court charging the two with conspiracy and wire fraud. Undercover agents from the Federal Bureau of Investigation began corresponding with Mr. Sebbag, who used the pseudonym "Jonathan Cyrus" in the email exchanges, according to the complaint.


As the earnings release approached, Mr. Sebbag, 29 years old, and Ms. Hoxie, 33, engaged in an awkward exchange of their own as they waited with growing frustration for the quarterly earnings data to materialize, according to transcripts in both complaints. The exchange at points took on the tone of any couple bickering over mundane issues like bill paying.

"Get things moving with all the powers you have," Mr. Sebbag urged his girlfriend at one point.
"Thanks for the flattery," Ms. Hoxie replied. "I wish you could come to work every day with me."
On the day of the earnings release, Ms. Hoxie sent Mr. Sebbag an email stating "here is the bag that you are going to get for me," the SEC said in a companion civil complaint filed in New York federal court. It said the email included a link to "a picture of an expensive Stella McCartney designer handbag available for $700 at Neiman Marcus."

It's never Obama's fault!

Published May 26, 2010 | FOXNews.com

White House Press Secretary Robert Gibbs has been keeping pesky reporters at bay as the Obama administration faces mounting pressure over controversies ranging from the BP oil spill to the allegation that the White House offered a congressman a job to drop out of a race against a key ally. 

As some media outlets and pundits typically allied with the Obama administration seem to take a tougher tone toward the White House, Gibbs is telegraphing the message that on certain issues, they shouldn't ask and on others, he won't tell. 

The tension may be reaching new heights. CBS correspondent Chip Reid revealed on air Friday that White House officials called reporters into the West Wing on Friday to scold them for asking too many questions about the Gulf of Mexico spill. One report identified Gibbs as the one doing the scolding. 

The dressing-down came after the press secretary faced a barrage of questions about why the administration wasn't doing more to ensure the leak is plugged and mitigate the environmental damage to the coastline. The White House for weeks has battled the narrative that it has not responded forcefully enough to the spill, entrusting too much to the expertise of BP, and at Friday's briefing Gibbs repeatedly swiped at reporters who pressed that button. 

The press secretary also shut down questions a day earlier about Rep. Joe Sestak's claim that the Obama administration offered him a job in exchange for dropping out of the Senate Democratic primary race against Pennsylvania Sen. Arlen Specter. Sestak, who did not take the alleged offer, won that race last week but has not been willing to elaborate on his allegation in media interviews. 

Gibbs and other officials haven't shed any light on the subject either. 

"I don't have anything to add to what I said in March," Gibbs said Thursday when the topic was broached. 

When it was pointed out that Gibbs did not provide any substantive information in March - other than to say the issue was "not problematic" - Gibbs again said he didn't "have anything to add."

The press secretary repeated that line five more times before cutting off reporters.