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Tag Archives | insider trading

Photo: FLLewis/Media City G -- Disney Studios in Burbank

Disney inside trader sentenced to prison

A San Francisco man out to make a quick profit is now facing a prison sentence for insider trading involving the Disney deal to buy Marvel Entertainment. Disney scooped up Marvel back in 2009 for $4 billion. Last April, Toby G. Scammell pleaded guilty to one count of securities fraud stemming from his purchase pf more than 600 call options of Marvel stock for $5,465,  just before Disney bought Marvel, according to San Fernando Valley Business Journal. The story was first reported Thursday on Read More →

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