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Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading

Stock Markets Jun 30, 2022 05:02PM ET
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© Reuters. Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading

By Davit Kirakosyan

Gene Levoff, former director of corporate law of Apple Inc. (NASDAQ:AAPL), pleaded guilty to illegally trading for years on confidential revenue and earnings filings, Bloomberg News reports.

Levoff, who joined the company in 2008 and was responsible for enforcing the company’s insider trading policy, admitted he regularly traded on inside information between 2011 and 2016.

According to the prosecutors, Levoff, being the co-chairman of Apple’s disclosure committee, used the information in draft filings before they were released to the US Securities and Exchange Commission and made $227,000 in profit and avoided losses of $377,000.

Apple Lawyer Responsible For Enforcing Insider Trading Policy, Pleads Guilty to Years of Insider Trading
 

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Comments (2)
Viren Patel
Viren Patel Jun 30, 2022 5:15PM ET
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who the F insider trades to make 220k... loser
nick cage
nick cage Jun 30, 2022 5:15PM ET
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Exactly what I thought.
Thi Tran
Thi Tran Jun 30, 2022 5:15PM ET
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I thought the same thing. For a meager of 200k and risk of jail time. Very stupid for a big corporate lawyer
Jeff Matthews
Jeff Matthews Jun 30, 2022 5:15PM ET
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Martha Stewart.
Joe Wiggs
Joe Wiggs Jun 30, 2022 5:09PM ET
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Break the law and now he will be held accountable.
John Kelley
John Kelley Jun 30, 2022 5:09PM ET
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shouldve been in congress, then you won't be held accountable
 
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