Apple's former top lawyer admits insider trading, could face jail
Gene Levoff will be sentenced in November.
What you need to know
Apple's former corporate secretary and director of corporate law has admitted insider trading.
Gene Levoff pleaded guilty Thursday to six counts of an indictment charging him with securities fraud.
He used inside information to make profits of $227,000, and avoid losses of nearly $400,000.
Apple's former corporate secretary and director of corporate law has pleaded guilty to six counts of an indictment charging him with securities fraud.
The DoJ announced Thursday:
The former corporate secretary and director of corporate law at Apple today admitted engaging in an insider trading scheme that spanned five years, Attorney for the United States Vikas Khanna announced.
Gene Levoff, 48, of San Carlos, California, pleaded guilty by videoconference before U.S. District Judge William J. Martini to six counts of an indictment charging him with securities fraud. Levoff was initially charged by complaint in February 2019.
Khanna said that Levoff had...
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