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Banker 'recruited two girlfriends to make £1m from insider dealing’

Posted by Forexsq 220 days ago (http://www.telegraph.co.uk)

forexsq - An investment banker fed confidential information to two girlfriends to make more than £1m through insider share dealing, a court head. Thomas Ammann, 39, used Christina Weckwerth, 44, and Jessica Mang, 30, as “cash and cover” to make illegal trades, it was alleged. All three profited from the activity, although each woman was unaware of the other’s existence, Southwark Crown Court heard. Miss Weckwerth, a wealthy divorcee from Koenigstein in Taunus, Germany, whom Mr Ammann met through a dating website, invested more than half her divorce settlement to make about £1.2m, a jury was told.

Miss Mang, a health worker from central London who met the banker at a nightclub, used credit cards and borrowed money from her family to make £30,000, it was alleged.

The two women deny charges of insider dealing which Ammann has admitted.