Matt Devlin, Nina "Golden Goose" Devlin And Miss August 1994 Involved In $4.8M Insider Trading Scheme

Authorities have accused a Lehman Brothers broker and his wife -- whom he referred to as a "golden goose," presumably for the valuable information she had access to as a high-powered publicist -- were involved in a $4.8 million insider-trading scheme.

Matthew Devlin, 35, helped make his friends millions through the scheme, which also involved Playboy maga zine's Miss August 1994, the feds said.

Maria Checa, 38, a petite, Colombia-born beauty, was not charged in the plot, but is named in the joint civil lawsuit filed by the Securities and Exchange Commission.

The "golden goose" scheme implicates many people, but apparently not the "golden goose" herself.

The ripples stretch far and wide. According to the Securities and Exchange Commission (SEC), the inner circle comprises Mr Devlin and at least four of his clients and friends: he tipped them off with details of deals involving clients of his wife, Nina.

Mrs Devlin is not implicated in the charges. A lawyer for Mrs Devlin said: "She was completely unaware that confidential information about her job was being used as the basis for securities trading."

The clients that Mr Devlin passed on information about included Anheuser-Busch, the American brewer which, at the time, was the subject of a multi-billion dollar takeover approach from InBev, the Belgian-Brazilian brewer.

TimesOnline has a fascinating and deep look at the Matt Devlin scheme.

Comments

[kingmiller]

12:28 PM on 12/22/2008

Why no pictures of the Miss August? Drat!

[ContraEgoiste]

02:39 AM on 12/22/2008

"Lehman Broker...Involved In $4.8M Insider Trading Scheme"

John Galt strikes again!

...and cons are still out there looking for him.

heh

[pipp]

11:55 PM on 12/21/2008

I see...."someone trying to photograph 15 years younger than her age...." GIVE ME YOUTH OR GIVE ME DEATH".....and in the meantime,.... whatever.....

[Mac18]

08:14 PM on 12/21/2008

The headline reads like a made for TV movie

[jnratliff]

09:42 AM on 12/21/2008

This is the very thing that everyone in corporate America and the republican party have been fighting for for the last thirty years.
These people are all to young and stupid to know what happened in 1929 or care.
The attitude of well that is not going to happen to me is the thing that makes republicans so stupid or is it because they are so stupid they think it will never happen to them?
At any rate you can thank every so called conservative you ever met for the problems we have today.
You cannot trust people that are so narrowly focased, these people never ever think of anyone other then themselves until after they get caught. Then you see randy duke cunningham blubering and crying before they sent him off to jail. That is the only time republicans ever give ant thought about anyone else but even that is for purely selfish reasons.

[Stalling]

12:59 PM on 12/21/2008

Real FFs aren't they.

[waynesmyer]

09:39 AM on 12/21/2008

But! But! as any fool can tell, it was all an honest mistake, and no one should go to a hard time prison for this ! Right? Your 700 billion tax-payer loan is safe with us! Right? your beloved Wall Street Bankers

[northstar11]

09:26 AM on 12/21/2008

why is it that there seems to be a high correlation between action by the SEC and the involvement of some kind of bimbo with the offending parties

[concernvoter]

08:34 AM on 12/21/2008

It appears that she went from SUCCESS to FAILURE.

[jazzman]

08:01 AM on 12/21/2008

This is for all those who looked at Miss August and said, "I would like to get screwed by her." Well, guess what...you just did!

[wantstotalk]

07:03 AM on 12/21/2008

This really just needs Ashley Dupree to be a perfect story.

[JustAHumanOnEarth]

04:57 AM on 12/21/2008

I'd tag that.

[idabamaho]

03:05 AM on 12/21/2008

Jeez

[dlrdmd1]

02:30 AM on 12/21/2008

Now I want to be a Somali pirate and take my booty....Chinese navy be damned

[SteveDenver]

12:16 AM on 12/21/2008

"Inside-Her Trading"

Now I want to herd Wall Street & the Bush Administration into a highrise and ram it with an airplane.

[indothinker]

07:42 AM on 12/21/2008

wasn't that a porno with jenna jamieson?

[Mexitli]

11:31 PM on 12/20/2008

Mexitli would hit it.