Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world Elementary Public Relations Consulting and Press Release Service
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Caliente Nudist Vacations!

Kayden Kross at Twistys

January 20, 2000 06:34pm
Ex CEO indicted for giving inside tips to porno star
Source: Reuters

(NEW YORK, NY) -- A former chief executive officer of investment banking firm Keefe, Bruyette & Woods Inc. was indicted on insider trading charges on Thursday for allegedly giving tips about potential bank mergers to a porno actress who had been his mistress.

James McDermott Jr., 48, of Briarcliff Manor, N.Y., who resigned unexpectedly in June as CEO and chairman of Keefe, Bruyette, a private Wall Street firm, was charged in an eight- count indictment filed in Manhattan federal court.

Adult film actress Kathryn Gannon and Anthony Pomponio, another man with whom she was involved, were also indicted for their role in the alleged two-year insider trading scheme.

The grand jury indictment is an expansion of a three-count complaint filed against the three defendants by federal prosecutors last month.

The charges are based on allegations that McDermott stole confidential information about six upcoming mergers involving regional banks and gave it to Gannon. She in turn allegedly passed the tips to Pomponio. Prosecutors alleged Gannon and Pomponio made more than $170,000 in illegal profits based on the non-public information.

Gannon, 30, a Canadian citizen, has worked as an actress in adult films and as an escort, exotic dancer and model, according to court papers. She uses the name Marylin Star in adult films and in a sexually graphic Internet Web site, court papers said.

Keefe, Bruyette is an investment banking firm that advises companies in connection with mergers and acquisitions and specializes in the banking and financial services industries. From January 1994 through December 1998, Keefe, Bruyette acted as the financial advisor in 116 announced mergers and acquisitions of banks and thrifts.

As president of Keefe, Bruyette during 1997 and chairman and CEO from Jan. 1, 1998 until his resignation, McDermott had access to non-public information about the firm's clients.

Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay02.3gp

See BiBi Jones at Digital Playground

Top Stories

Cindy Starfall Appearances

Priya in NYC

More w/Mo Celebrates 100

Angel, Albrite AVN Awards Hosts

The Upward Trending Trannie

Elizabeth Bentley Hits Circuit

Tony Batman to Big Easy

Cleopatra Dead

Introducing Bitcoin Porn Sites

Candidate Sex Tape Scandal

Donald Trump Porn Parody

Savana Styles Available

MWA: 08/15/15

Sex with Donald Trump

MWA: 08/17/15

Ashley Sinclair Sex Tape

MWA: 08/12/15

Mercedes Carrera NightMoves Nom

Allie Haze in Columbus

Vivid NYC Nommed

Maryjean on Ink Master

ChargeSavvy at ED Show

Rock'N'SeXXXyu Radio This Thurs

NightMoves Calls for Sponsors

Woodhull Sexual Freedom Summit

MWA: 08/05/15

Mindbrowse with Royalle, St. James

Raven Bay on Jukeboxx

Tyga's Transexual Affair

OC Signs Darcie Dolce

Raven Bay on Sunset Billboard

Hof Runs for Senate

Poll: Caitlyn Jenner Do Porn

Brittany is Back

Raven Bay at Exxxotica

Driller Signs The Rub

Lex's Tattooed Vixens 2

Little Sassee Cassee in OK

More
Stories From

Law & Politics

Candidate Sex Tape Scandal

Donald Trump Porn Parody

Sex with Donald Trump

Hof Runs for Senate

Adult's Achilles Heel

AHF's Hidden Agenda

Pistol, Ross Talk Condoms

Modern Comstockery

Hof on Phoenix Hooker Bust

Cal/OSHA vs Evil Angel

Pornstar Graduates Law School

AHF Against AB 999

CraigsErotica Letter to Senators

Amazon Crushes Small Business

Letter of Equality

ASACP Service Recognition Award

Suit Filed Challenging Measure B

ASACP Ready For Internext

Octomom Loses Civil Suit

ASACP at XBIZ 360

Crakmedia ASACP Corporate Sponsor

Mo Reese Statement

CAM4 Newest ASACP Sponsor

Mo Reese FSC Nom

Amber Lynn Seeks FSC Board

Suit Against Measure B

Law Puts Con in Condom

No on B: Here's Why

NO on B Campaign

NO on B Bus Tour

GFY: Vote No on B

Margold on Erection Election

Alex Chance in Documentary

Yahshua: No On B

No On 35 Rally

Why No On B

Measure B Threatens Freedom

Measure B Protest Video

No On B Raffle

Alia Janine: No On B

AHF Vilifies Porn

No on B Event

Alia Janine Against Measure B

Fight Measure B

Takedown Piracy Removes 10,000,000

Three Stooges Porn Controversy

Suing: Wasn't Sexy Enough

Lords of Acid Censored

Nate Glass on CNBC

Law & Politics Section Index

     
Copyright © 1998 - 2015 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).