Tags: Canon, Christina Weckwerth, insider-trading, Jessica Mang, Mizuho International, Thomas Ammann
Remember Thomas Ammann (pictured at right)? For those who need a refresher, he was an investment banker who met a woman (Jessica Mang, center) at a London nightclub in 2009, started seeing her “at least once a week,” on days he wasn’t with his other girlfriend (Christina Weckworth, left), and then, when Mang asked to crank things up a notch on the relationship in the form of a romantic getaway, told her he’d take her to Seychelles on the condition she’d first use her own money to trade on material non-public information he’d obtained from his job at Mizuho International about Canon’s purchase of OCE NV and then give him half the profits. Mang naturally jumped at the chance to take things to the next level (“I thought [him entrusting me with such an important task] was a massive leap in commitment…I thought, you know, this is a relationship that’s going to go somewhere,” she later told a London criminal court), as did Weckworth when she was asked to do the same, but not in exchange for a free holiday. Anyway, Ammann ended up pleading guilty to “insider trading and encouraging the women to commit insider trading” last year and today was sentenced to 32 months in prison and a fine of 94,568 pounds ($151,820). (The women themselves were somehow found not guilty.) But the most delightful part of this story, reported by Bloomberg this morning?
Ammann was with a third woman when his house was raided in 2010, the FCA said before he was sentenced.
…i.e. it’s entirely possible, nay, probable he was about to reel in a third girlfriend/execution trader and would have, had the British feds not banged down his door at that exact moment.
Ex-Banker to Pay $152,000 for Insider Tips to Girlfriends [Bloomberg]
Earlier: Girlfriend Insider Trading On Two-Timing Boyfriend’s Behalf Found Roommate’s Judgment A Little Uncalled For; Woman Who Insider Traded On (Two-Timing) Boyfriend’s Behalf Did So In The Hopes Of Taking Relationship To The Next Level; Women Who Insider Traded On Shared Boyfriend’s Behalf Somehow Found Not Guilty