*Scheme to sell Disney earnings info

The SEC has charged Bonnie Jean Hoxie, a former administrative assistant to a high-level Disney executive - unnamed - and her boyfriend with trying to sell unreleased earnings results to more than 20 hedge funds. The authorities were notified, and the boyfriend, Yonni Sebbag, wound up selling some information to an FBI agent who posed as an investment manager, according to the complaint. Among excerpts of Sebbag's e-mails to undercover agents:

"First of all, i am not a fed, I have no way to prove it at this point but i am not asking you to disclose your identity not i will disclose mine. It is up to you to determine if this is worth the risk as i did. I work for Disney, that is all i can tell you."

"I can deliver 3 to 4 days before release. I will email you the report as soon as i have it and you will wire transfer the money to my account after you get ahold of it. I am asking you to make me an offer based on the capital gains from the trade and the risk i am taking delivering this information to you? Also, i am looking to build a strong business relationship with you for future quarters and information."

"I dont think we will get caught if we stay discrete and careful. You can count on my discretion as i am counting on yours..."

"... $15k sounds great and $30k even better as i hope you will make a killing from Q2 earnings. I promise i will keep you informed of any unanticipated event, i keep my ears wide open here."

Not exactly the sharpest tool in the shed, eh? According to the complaint, Sebbag e-mailed the undercover agents a 107-page document that was to be used during an earnings conference call. The FBI arrested Sebbag and Hoxie today in L.A.. Here's the complaint and here's the press release.

*This thing gets goofier. Sebbag was to deliver the actual earnings numbers two or three hours before their scheduled release. But Hoxie was having trouble:

Emails between Hoxie and Sebbag reveal mounting frustration at the delay. For example on May 11, Hoxie e-mailed Sebbag: "I told you that you were going to be waiting . . . ." Sebbag responded "Just hurry up," to which Hoxie replied "I have no control over this. Patience is a virtue." Still waiting for the information later that day, Sebbag urged Hoxie to "Get things moving with all the powers you have." Hoxie replied "3 hours have come and gone what is another hour at this point. Chill."

In a further effort to calm Sebbag, Hoxie asked in another email sent on May 11: "What would you suggest I do. If I could wave my magic wand and give you what you want - I would. However, since that is not going to happen I suggest you call on you inner Buddhist - and CHILL the f' out."

After Sebbag received the payout, Hoxie sent Sebbag an email with a link to a picture of an expensive Stella McCartney designer handbag available for $700 at Neiman Marcus. She also was looking at a pair of Stella McCartney shoes.