Former Apple lawyer Gene Levoff is facing criminal charges related to insider trading of Apple stock.
Gene Levoff, who was a senior director of corporate law, was aware of Apple financial results before they were public, and the government alleges he traded based on those results.Outside the new Fifth Avenue Apple Store.lawyer Gene Levoff was indicted for insider trading, the US Attorney in New Jersey said in a press release on Thursday.
"This scheme to defraud Company-1 and its shareholders allowed Levoff to realize profits of approximately $227,000 on certain trades and to avoid losses of approximately $377,000 on others," according to the press release. Levoff was one of Apple's top lawyers. He started at Apple in 2008 and was a senior director of corporate law from 2013 until 2018, according to the indictment. The trades mentioned in the indictment happened from 2011 to 2016.
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