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Politics | 12/19/2008 1:30 pm

'Golden Goose' & Ex-Playboy Model Maria Checa: The $4.8 Million Insider Trading Scheme

By The Staff at wowOwow.com
© Shutterstock

Another story about a greedy, sneaky Lehman Brother employee didn’t really pique our interest this morning — until we heard that it also involved a former Playboy magazine firecracker and a high-powered publicist wife labeled the "golden goose." That’s when we started reading …

An ex-Lehman Brothers broker, Matthew Devlin, 35, cooked up a $4.8 million insider-trading scheme — allegedly from passing on valuable inside information that he garnered from following his high-powered publicist wife’s (who he named his "golden goose") travels closely, a joint civil suit filed by the Security and Exchange Commission reveals. The "Golden Goose," aka Nina Devlin, worked for international public-relations firm Brunswick Group LLC which, according to their website, provides "informed advice at a senior level to businesses and other organizations around the world; helping them to address critical communications challenges that may affect their valuation, reputation or ability to achieve their ambitions." Mrs. Devlin’s lawyers told the Associated Press that her husband obtained information without her knowledge by being close to her and monitoring her schedule. In a statement, Brunswick called the scheme a "violation of trust between husband and wife."

Allegedly, Mr. Devlin helped make his friends millions by passing on these tips he learned from his wife. One lucky pal (well, lucky until now — he was arrested yesterday on conspiracy charges) was Jamil Bouchareb, 27.

Bouchareb’s girlfriend is Maria Checa, a former Playboy Playmate, who also starred in the video "Lusty Latin Ladies." (We’ve never heard of it.) Bouchareb allegedly whispered advance information into her bunny ears about mergers and business deals provided to him by Devlin on nine separate occasions, according to the SEC complaint. Devlin once bragged to Bouchared saying while Checa’s a babe, his wife’s knowledge brings them the money. There is nothing "like a golden goose," Devlin wrote in a 2006 text-message exchange, the AP reports.

Neither Nina Devlin nor Checa were charged criminally. Checa is named in a civil lawsuit filed by the SEC. Devlin already has pleaded guilty. His Lehman colleague, Frederick Bowers, also was charged.

6 Reader Comments (so far…) Sign In or Register to comment

f p
There have to be as many crooks on Wall Street as there are in any given prison.
By f p on 12/19/2008 2:06 pm
Patty E
I was married once. OK—so maybe it was in the dark ages, when communication was nothing more than a bunch of sounds or grunts and hand signals! NOT! Either the guy went to work with his wife, or she told him stuff. How many of you ladies actually KNOW what goes on at the offices of your spouse or significant others? Let alone specific conversations. How many of your men know the details about your everyday work? Everyone knows that if a spouse wants to keep something ‘secret’ , it is EASILY done—-after all—think about the women whose husbands were having an affair—-and even though ‘everybody knew’—- she never saw it coming! I rest my case—-the ‘golden goose’ gifted her husband with the information—-but then maybe she thought he was trustworthy, who knows……gheez I hate it when….
By Patty E on 12/19/2008 2:07 pm
John G
Patty, I’m afraid I’ll have to take offense that you singled out men as being the philandering crowd… and on a women’s website too??? It takes two to tango, regardless of the sex of either one. Either you actually love your SO enough that physical action with another is out of the question, or you don’t. That applies to men, women, and several other mammals believed to have less intelligence than humans.
By John G on 12/19/2008 4:31 pm
Patty E
John …allow me to clarify something—-my example may have seemed risky—but my intent was not to open a discussion on ‘affairs of the heart’ in the extra-SO sense, my intent was to point out that it is EASY to keep a secret—-if one wants to…i could very well have used a woman going behind her hubbys’ back—-but hey—-i went with my own experience, instead—you are welcome to re-word my post, to make the point I was attempting to make——no matter how close the relationship—-it is VERY easy to keep secrets. heck…most people don;t REALLY listen to each other anyhow—-
By Patty E on 12/19/2008 4:50 pm
John G
I knew that, really, but couldn’t pass up the chance to call you on it ;-} It really is so easy. In my work years (I’m retired now) I knew maybe three couples who had no secrets (and I’m fairly sure about two of those), me and my wife not included.
By John G on 12/19/2008 5:20 pm
Diana T
I wonder who will star in the movie? Stuff that will be a goldmine for some screen writer. I tell you, after this past two months, I’ll believe anything when it comes to greed and ambition….. As I was asking Frank the other day, what else are we going to find out??
By Diana T on 12/20/2008 7:53 pm