New charges in hedge fund insider trading case

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• Guilty plea in NY in Disney insider trading scheme

  Guilty plea in NY in Disney insider trading scheme

  A man charged with selling secrets about finances at Walt Disney Co. pleaded guilty in federal court Monday to wire fraud charges and conspiracy to commit securities fraud.

  Yonni Sebbag, a citizen of Morocco, and his girlfriend, former Disney employee Bonnie Hoxie, were arrested in California in May in the insider trading case filed in New York.

  "I agreed with others to commit securities and wire fraud," Sebbag, 30, said in court, reading from a statement. "As part of this, I disclosed material and non-public information about the Walt Disney company to outside investors."

• Steelers go shopping with Big Ben

  Steelers go shopping with Big Ben

  The bad behavior of Pittsburgh Steelers quarterback Ben Roethlisberger resulted Wednesday in a six-game suspension by the NFL and reportedly has triggered what once would have been unthinkable: The Steelers are testing the market to trade him.

  According to an ESPN report, Pittsburgh has been contacting teams selecting in the top 10 of this year’s draft, which begins at 4:30 p.m. PDT today, to gauge interest in the two-time Super Bowl winner. By Wednesday afternoon, the network reported the Steelers had talked to St. Louis, San Francisco, Oakland, Jacksonville, Seattle and Cleveland. The 49ers are the only club without a top-10 pick (they pick13th and 17th overall).

  In a conference call with reporters, Steelers President Art Rooney II was vague on the subject but didn’t deny his team was shopping the quarterback, who last month was accused of sexually assaulting a 20-year-old college student in Georgia but will not face charges.

• Billionaire brothers face investing charge

  Billionaire brothers face investing charge

  DALLAS — Billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed tis week.

  The brothers are known for their support of conservative candidates and causes, including the Swift Boat campaign that helped re-elect President George W. Bush in 2004 by tarring his Democratic opponent, Sen. John Kerry.

  In a 78-page complaint filed in a Manhattan federal court in New York, the SEC said the Wylys held and traded tens of millions of shares in companies on whose boards they served and “defrauded the investing public” by misrepresenting their ownership and trading of those stocks.

• Ruiz trial on hold again

  Ruiz trial on hold again

  PASCO -- The on-again, off-again trial of Vicente Ruiz will remain in recess Monday because the defense needs more time to review voluminous police records they say never were handed over in the 22-year-old case.

  Lawyer Bob Thompson sent a letter to Franklin County Judge Cameron Mitchell on Friday asking that jurors not be brought in Monday morning as scheduled.

  The defense "has been working frantically" since the murder case was put on hold Tuesday, but Thompson said they've come to realize "there was much material" they weren't given.

• Roethlisberger suspended six games

  Roethlisberger suspended six games

  Pittsburgh Steelers quarterback Ben Roethlisberger has been suspended without pay for six games for violating the NFL's personal conduct policy, the league announced Wednesday.

  Though Roethlisberger won't face charges after being accused of sexual assault by a 20-year-old woman last month at a Georgia nightclub, the disciplinary action was handed down Wednesday.

  League commissioner Roger Goodell required that Roethlisberger undergo comprehensive behavioral evaluation as part of the suspension, which could be reduced to four games after Goodell reviews the quarterback's progress. However, a failure to cooperate could lead to a longer suspension.