Jessica Mang, who traded material non-public information based on tips obtained by her Mizuho investment banker boyfriend, Thomas Ammann, because he promised to take her on vacation afterward and also because she thought his entrusting her with such a high level task was a sign he wanted to get serious, was cleared by a jury today, as was Christina Weckwerth, Thomas Ammann’s other girlfriend/execution trader.

The women nearly doubled the amount they invested and then paid half of their profits to Ammann, the U.K. Financial Services Authority, which prosecuted the case, had said during the trial in London. Neither woman knew Ammann was dating the other simultaneously. Ammann, a German national who worked on the Mizuho mergers and acquisitions team that advised Canon on the OCE deal, pleaded guilty earlier this year to insider trading and encouraging Mang and Weckwerth to commit insider trading. Canon, the Tokyo-based maker of cameras and photocopiers, agreed to buy OCE in a 730 million-euro ($931.8 million) deal in November 2009. The FSA said that Ammann tried to avoid being caught by having his girlfriends make the trades. “The charges against Weckwerth and Mang were serious and we considered that the evidence provided a proper basis to put the case before a jury,” Tracey McDermott, the regulator’s director of enforcement and financial crime, said in a statement.

Weckwerth, who has British and Cypriot citizenship, took in nearly 2 million pounds ($3.2 million) after investing 1 million euros before the deal in 2009, the FSA said at trial. She argued that she bought shares of OCE only after she researched Ammann’s recommendation. Mang, who got back 65,000 pounds on a 39,000-pound stake, said she bought the shares at Ammann’s request because she wanted to show him that she trusted him and was trying to build their relationship.

Follow-up questions that need answering:

* Did the ladies, who hadn’t known about the other’s existence until they were tried alongside one another over a four week period, become friends?

* Will they buy something nice for themselves with the profits they were allowed to keep?

* What are the odds Jessica “ma petite due diligénce” Mang will go out with Ammann again if he calls? High to pretty high?

Ex-Mizuho Banker’s Girlfriends Not Guilty of Inside Trade [Bloomberg]
Earlier: Woman Who Insider Traded On (Two-Timing) Boyfriend’s Behalf Did So In The Hopes Of Taking Relationship To The Next Level

Comments (44)

  1. Posted by Wire | November 15, 2012 at 12:45 PM

    That guy looks like a cross between and young Gerard Depardieu and Harry Dunne.

  2. Posted by Wire | November 15, 2012 at 12:45 PM

    "a" not "and"

  3. Posted by sme | November 15, 2012 at 12:52 PM

    c'est le bullshite…

  4. Posted by Disappointed | November 15, 2012 at 12:54 PM

    what an anti-climatic ending for this tranny love triangle story

  5. Posted by pre-1921 | November 15, 2012 at 1:01 PM

    Ladies and gentlemen of the jury, I present the accused. As you can clear see, the accused is a woman. We all know that women do not know what they are doing, nor do they know right from wrong. If the penis fits, you must acquit.

  6. Posted by All your base | November 15, 2012 at 1:04 PM

    The blow jobs must have been epic.

  7. Posted by And Young | November 15, 2012 at 1:06 PM

    comma, Gerry Dep

  8. Posted by Fat tails | November 15, 2012 at 1:13 PM

    The slouching Slovakian chick yesterday. Jefferies bought out by a slaughterhouse. UBS RIF the day of Hurricane Sandy (and then the awkward hire-back). Actually, just: UBS. And now today you've got this bruiser on the left and the frumpy betch with the latte in the middle.

    As my friend Friedrich might have put it: Wall Street is dead.

  9. Posted by Guest | November 15, 2012 at 1:19 PM

    The blow jobs following the million pound gain must have been epic.

    Fixed.

  10. Posted by Guest | November 15, 2012 at 1:20 PM

    I would trade anything not to be inside her.

    -Guy with a fondness for the mental well being of his penis

  11. Posted by Hunky Tony | November 15, 2012 at 1:23 PM

    I wonder what would have happened if a woman investment banker did the same thing with some mimbo guy

  12. Posted by Guest | November 15, 2012 at 1:34 PM

    Investing neophytes randomly investing a million bucks in a company that was about to be acquired by one of the largest electronic manufacturers in the world sounds like pure beginners luck to me!

    - SEC

  13. Posted by FKApmco | November 15, 2012 at 1:35 PM

    "A fondness for the mental well being of his penis" is making my head explode. Excellent turn of phrase there, Guest. xoxo

  14. Posted by guest | November 15, 2012 at 1:48 PM

    Keep telling yourself that you're not getting laid for the "mental well being of your penis" I'm sure that's the reason!

  15. Posted by Gartman | November 15, 2012 at 1:55 PM

    I predicted you would think about a penis today.

  16. Posted by Dateraider | November 15, 2012 at 1:55 PM

    Stop fretting and roll the dice for once!
    - your penis

  17. Posted by Festivus | November 15, 2012 at 2:13 PM

    Worst comment ever.

  18. Posted by xoxo | November 15, 2012 at 2:21 PM

    pmco, when I'm sharing a bed with a young vixen, I leave my phone locked, but with vibrate and text preview on. When I'm asleep and my iPhone is buzzing at 3 a.m. from drunk-texting 23 yos, I feel like no girl can resist investigating. The result: the girl sees that you're in demand, without knowing the context or depth (lack thereof) of your relationship with the texting cuties. Demand -> Competition -> the iPhone snooper delivers stronger performances in the sheets. Bedroom capitalism if you will. Do you agree with my theory?

  19. Posted by Guest | November 15, 2012 at 2:48 PM

    What kind of royalties is she getting from Starbucks

  20. Posted by FKApmco | November 15, 2012 at 2:49 PM

    You may have missed some factors in your equation. Demand is usually greatest for a superior product at a reasonable price point. Ponder that, little Grasshopper.

  21. Posted by xoxo | November 15, 2012 at 2:56 PM

    Don't get all hyper-literal on me

  22. Posted by Guest | November 15, 2012 at 2:56 PM

    Serious talk time, wtf happened here. You can actually use the,"yeah it was insider information, but I didn't rely on it," defense successfully!?!?!

  23. Posted by Guest | November 15, 2012 at 2:57 PM

    Note to all heavy set Europeans. If your fat you cannot and should not attempt to pull off the skinny tie slim fit look. And also note to the fluffy asian…you can do better, maybe not much better but definitely better then this asshole.

  24. Posted by MOAR GARTMAN | November 15, 2012 at 3:18 PM

    I predicted you would engage in this incorrect analysis of my comment.

  25. Posted by guest | November 15, 2012 at 3:19 PM

    forget to sign in on this one, laxbro/n'08? as always, you suck.

  26. Posted by grow up | November 15, 2012 at 3:29 PM

    texting is for fags

  27. Posted by Thomas Ammann | November 15, 2012 at 3:31 PM

    *after the verdict *

    Miss U Ho

  28. Posted by Guest | November 15, 2012 at 3:32 PM

    30 yo busted asian chiropractor can do better than a two-timing investment banker? If she could she would..

  29. Posted by All your base | November 15, 2012 at 3:47 PM

    "you're" otherwise no concerns.

  30. Posted by broseph | November 15, 2012 at 3:54 PM

    It was over when they put in quotas for women and minorities.

  31. Posted by PermaGuestII | November 15, 2012 at 4:06 PM

    Seems to me that if you're in bed with a girl and she's more interested in the phone on your nightstand than in you, you're doing something wrong.

  32. Posted by Guest | November 15, 2012 at 4:51 PM

    I mean they're both a little heavy, but not a million pounds…

    -Guy who has never left the US or traded FX

  33. Posted by lowly standards | November 15, 2012 at 5:51 PM

    Soo, are they available now?

  34. Posted by CFA IV | November 15, 2012 at 5:59 PM

    I think the bloated Asian one might be what they call a "value trap."

  35. Posted by A. Powers | November 15, 2012 at 7:40 PM

    She's a Mang baby!

    A. Powers

  36. Posted by guest | November 15, 2012 at 7:47 PM

    after a million pounds, she probably paid to have someone else provide said bj

  37. Posted by Funny Pictures | November 16, 2012 at 7:16 AM

    Very well versed blog you got there and keep up the knowledge spreading

  38. Posted by Online Full Movies | November 16, 2012 at 7:17 AM

    You’ve included all the qualities in good writing I like all in this article. It’s unique, provocative interesting and thought-provoking. I have to agree with your unique viewpoint. Thank you.

  39. Posted by DeFoe, Willem | November 16, 2012 at 8:31 AM

    Cuddling is for fags.

  40. Posted by OpportunityCost | November 16, 2012 at 8:31 AM

    Apparently 'being a girl' is a legitimate legal defense nowadays. Bat your eyelashes, flip your hair, say you really really liked the guy, and you are all good.

  41. Posted by Mosaic Theory | November 16, 2012 at 8:33 AM

    Yes.

  42. Posted by Guest | November 16, 2012 at 9:41 AM

    GTFO

  43. Posted by jackey Brown | November 18, 2012 at 2:30 PM

    <img src="http://www.freecouponplace.info/ikea/makt.jpg"/&gt; Found no guilty? They should be double guilty i say!<img src="http://www.freecouponplace.info/xbox/yle.jpg"/&gt;

  44. Posted by photocopiers | June 20, 2013 at 4:05 AM

    "she wanted to show him that she trusted him and was trying to build their relationship." -___-" really ?