Wednesday, October 17, 2012

Insider story of the day



Thomas Ammann, a 39 year old German, who worked at Mizuho in London is on trial for insider trading in shares in Oce, a Dutch printing company, on whose takeover he was working. He was having affairs with two women (who were unaware of each other's existence). He met Christina Weckworth, 44, a divorcee living in Frankfurt, through an internet dating agency. She invested E1m of her E1.7m divorce settlement in Oce, doubled her money and gave half the profit to Ammann. He met Jessica Mang, a 30 year old chiropracter, in a nightclub. She borrowed money from her mother and on credit cards to invest in Oce and made £60,000, half of which she gave to Ammann. The sentence has yet to be given.

7 Comments:

Blogger Eurodog said...

Money, money, makes the world go around....... Do you remember the movie "Cabaret"?

8:54 am  
Anonymous kinglear said...

we should run a sweepstake - I say fine of Eur 1million and 3 years....

9:07 am  
Blogger Winchester whisperer said...

I never saw that, ED - any good?

Good idea, KL - I say £1m and 4 years

9:11 am  
Blogger Eurodog said...

Yes, very good. 1970's film with Liza Minelli based ( loosely ) on Christopher Isherwood's Goodbye to Berlin. Worth a download!

9:22 am  
Blogger Angus said...

With his love life it's surprising he had any time , or energy, left for inside trading.

4:50 am  
Anonymous kinglear said...

Ah WW your education is sadly lacking if you haven't seen Cabaret.It's an incredibly sad and poignant film, set before WW2 in Berlin, but also in some strangeway... hopeful....

9:30 am  
Blogger Winchester whisperer said...

I'll have to watch it

9:35 am  

Post a Comment

<< Home