Women Who Insider Traded On Shared Boyfriend’s Behalf Somehow Found Not Guilty

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

(hidden for your protection)
Show all comments

44 Responses to “Women Who Insider Traded On Shared Boyfriend’s Behalf Somehow Found Not Guilty”

  1. Wire says:

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

  2. Disappointed says:

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

  3. pre-1921 says:

    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.

  4. All your base says:

    The blow jobs must have been epic.

  5. Fat tails says:

    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.

  6. Guest says:

    I would trade anything not to be inside her.

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

  7. Guest says:

    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

  8. Guest says:

    What kind of royalties is she getting from Starbucks

  9. Guest says:

    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.

  10. Thomas Ammann says:

    *after the verdict *

    Miss U Ho

  11. lowly standards says:

    Soo, are they available now?

  12. CFA IV says:

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

  13. A. Powers says:

    She's a Mang baby!

    A. Powers

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

  15. 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.

  16. OpportunityCost says:

    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.

  17. jackey Brown says:

    <img src=""/&gt; Found no guilty? They should be double guilty i say!<img src=""/&gt;

  18. photocopiers says:

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