A former top Apple lawyer whose responsibilities included preventing insider trading has now been indicted for,kimberly elise sex videos uh, that.
Gene Levoff, Apple's former corporate secretary and director of corporate law, is accused of using insider knowledge to trade Apple stock between February 2011 and April 2016 — the exact behavior he was entrusted to prevent.
Illegal insider trading gives people with access to nonpublic company information an unfair advantage over everyone else, a bit like using secret cheat codes in a multiplayer game. Only instead of leaderboards and kill streaks, it's hundreds of thousands of dollars on the line.
According to the U.S. Attorney's Office in New Jersey, Levoff's alleged unfair advantage amounted to earnings of approximately $227,000 on some trades, while preventing losses of around $377,000 on others.
"Levoff ignored... the company’s broader Insider Trading Policy — which he was responsible for enforcing — and instead repeatedly executed trades based on material, nonpublic information without [Apple]’s knowledge or authorization," said the U.S. Attorney's Office in a press release on Thursday.
"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 [Apple] stock until the blackout period terminated."
SEE ALSO: Oil behemoth Exxon starts trial for alleged climate fraudBloomberg reported one example where Levoff sold off around $10 million in Apple stock shortly after learning iPhone sales for the quarter would fall short of analyst predictions — avoiding what would have been a loss of nearly $350,000 when the news knocked more than 4 percent off the share price.
Levoff was indicted on Thursday, and now faces six counts of securities fraud and six counts of wire fraud. Each charge carries a maximum penalty of 20 years imprisonment. Securities fraud also carries a maximum fine of $5 million, while each count of wire fraud could either cost Levoff up to $250,000 or twice the gain or loss caused.
Apple fired Levoff in September 2018 following an internal investigation. The US Securities and Exchanges Commission also accused Levoff of insider trading in a civil lawsuit filed in February, though he denied the charges.
Truly, a "you had one job" for the ages.
Topics Apple
Top Innovator
CRFT by Maki Celebrating Suehiro's 50th Anniversary
OBITUARY: Hank ‘Toto’ Kagawa, Owner of Fish King Market
NorCal Cherry Blossom Queen Candidates Announced
Japanese Couple Survives Devastating Fire in Paradise
Remembering a Resister
Naomi Osaka, LeBron James Team Up for Entertainment Venture
FILM REVIEW: Decades Later, Cruise and ‘Top Gun’ Are Fit as Ever
Mas Masuda: A Hero's Century in Orange County
THROUGH THE FIRE: Food for Thought — TikTok & Tamagoyaki
API Candidates Vie for L.A. County Judicial, School Board Positions
Nikkei Progressives Holding Shoe and Toiletries Drive
Report: Housing Affordability for All California Ethnic Groups Deteriorates
Next on 'Asian Pacific America': 'A Rebel's Outcry,' AAPI
Council Honors A
‘Save Ruth’ Campaign Seeks Potential Stem Cell Donors
Tule Lake Committee Appeals Exclusion of JA Voices in Tulelake Airfield Sale????
Reception Held to Celebrate First Irene Hirano Inouye Memorial Award
JA Confinement Sites Consortium Convenes at JANM
Tule Lake Committee Appeals Exclusion of JA Voices in Tulelake Airfield Sale????
NASA's Mars image shows Martian water flowed way more recently than we thinkOsaka vs. Badosa 2025 livestream: Watch French Open for freeChina’s authority NPPA approves 109 new games licenses for September · TechNodeAltmaier vs. Fritz 2025 livestream: Watch French Open for freeTencent Robotics X Lab reveals The Five, a hybrid home help robot · TechNodeNYT Connections Sports Edition hints and answers for May 26: Tips to solve Connections #245NYT mini crossword answers for May 25, 2025NASA's Hubble delivers stunning view of three galaxies in a single imageNASA satellite captures a dazzling, important crater on MarsThe $849 M4 MacBook Air is back for Memorial Day at Amazon Looks like GameStop just shut down 'Game Informer' magazine and took down its website Do not accept New York Mag's climate change doomsday scenario With climate summit, Jerry Brown aims to bypass Donald Trump Brazil vs. USA Paris 2024 livestream: Watch live basketball for free Marathon Women Paris 2024 livestream: Watch the women's marathon for free A giant crocodile relative had terrifying teeth like a T. rex Women's 1,500m final Paris 2024 livestream: Watch live athletics for free The latest Republican conspiracy theory about environmental groups is a doozy This giant snail that looks like a rabbit will give you nightmares Best headphones and earbuds deals: Shop Sony, Bose, and Apple
0.1402s , 14298.234375 kb
Copyright © 2025 Powered by 【kimberly elise sex videos】Enter to watch online.Apple lawyer tasked with preventing insider trading indicted for *checks notes* insider trading,Global Perspective Monitoring
