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Christie Hefner's husband accused of inside trades
Started:August 3rd, 2011 (03:39 PM) by kbit Views / Replies:569 / 0
Last Reply:August 3rd, 2011 (03:39 PM) Attachments:0

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Christie Hefner's husband accused of inside trades

Old August 3rd, 2011, 03:39 PM   #1 (permalink)
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Christie Hefner's husband accused of inside trades

NEW YORK (AP) -- The husband of former Playboy Enterprises CEO Christie Hefner has been accused of using inside information in making more than $100,000 trading Playboy stock.
The Securities and Exchange Commission says William Marovitz made trades in the magazine publisher's shares between 2004 and 2009 based on non-public information and despite his wife's instructions not to do so.
The civil case filed in federal court in Illinois says Marovitz traded Playboy shares based on information from his wife about the company's earnings, stock offerings and a potential acquisition. She was CEO until January 2009.
The government says the trades resulted in profits or avoided losses totaling over $100,000.
Marovitz did not immediately respond to a telephone message left at his office.
Playboy, founded by Christie Hefner's father Hugh, went private in March.

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