Wealthy divorcee told she can keep money from unintentional insider trading

Divorce|News|November 16th 2012

A wealthy divorcee has been told that she can keep the £1.2 million she made from a share deal after a jury cleared her of intentional insider trading.

Christina Weckwerth, 44, who is originally from Frankfurt but holds joint British and Cypriot citizenship, invested more than her half her divorce settlement in shares after receiving information from boyfriend Thomas Ammann, 39, about the takeover of a Dutch printing firm by Canon. At time Amman worked for the London branch of the Japanese Mizuho investment bank.

When she was arrested by fraud investigators, Wreckwerth discovered that Amman had given similar information to another girlfriend – chiropractor Jessica Mang, 30. The latter used credit cards and borrowed money to invest in shares, making almost £30,000.

The two women were acquitted after a jury accepted that neither had realised they were trading with illegal insider information.

Amman, meanwhile, is facing jail after pleading guilty to two counts of insider trading and two counts of encouraging insider trading. He will be sentenced at a later date.

Amman, who is originally from Germany, met Wreckworth through a dating site in 2008. He was still  involved with the divorcee when he began to date Mang in 2009.

Author: Stowe Family Law

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