Insider trading man at Disney faces prison

A LOS Angeles man pleaded guilty yesterday to conspiring between March and May this year with his girlfriend, then a Walt Disney employee, in trying to sell confidential company information to hedge funds.

Yonni Sebbag, 30, faces a possible 27 to 33-month prison term following his admission in Manhattan federal court in New York. He agreed to forfeit $15,000 (£9,700), the amount of cash he gave to undercover FBI agents in May, who were posing as hedge fund representatives.