Apple’s former top corporate lawyer pleads guilty to insider trading [Bay Area News Group]
The former top corporate lawyer for Cupertino technology giant
The scheme by
“Gene Levoff betrayed the trust of one of the world’s largest tech companies for his own financial gain,” federal prosecutor
Levoff, who co-chaired the
“Levoff mined these materials for inside information about
Levoff ignored the “blackout periods” barring employees with such non-public information from trading the firm’s stock until the financial results were publicly reported, the department said.
“On several occasions, Levoff executed trades within a blackout period after notifying other individuals subject to the restriction that they were prohibited from buying or selling
The fraud took place from 2011 to 2016, according to the indictment against Levoff. His sales of
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Levoff’s sentencing is scheduled for
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