Once the CEO of investment bank Keefe, Bruyette & Woods, James McDermott was convicted of insider trading in 2000 for giving information about pending bank industry mergers to his mistress Kathryn Gannon, an adult-movie star , who went by the name Marilyn Star.

McDermott was sentenced to eight months in prison, while Gannon received a three-month term. McDermott was fined $25,000.