The former top corporate lawyer at Apple Inc was criminally charged by the US Department of Justice on Wednesday with insider trading ahead of six of the iPhone maker’s quarterly earnings announcements.
Authorities said Gene Levoff exploited his positions as corporate secretary, head of corporate law and co-chairman of a committee that reviewed draft copies of Apple’s financial results to trade illegally between 2011 and 2016.
Prosecutors said Levoff, 45, of San Carlos, California, generated $604,000 in illegal gains, including realised profit
Authorities said Gene Levoff exploited his positions as corporate secretary, head of corporate law and co-chairman of a committee that reviewed draft copies of Apple’s financial results to trade illegally between 2011 and 2016.
Prosecutors said Levoff, 45, of San Carlos, California, generated $604,000 in illegal gains, including realised profit