Former Apple Lawyer Pleads Guilty to Insider Trading
WASHINGTON—A former top corporate lawyer for Apple pleaded guilty Thursday to insider trading, admitting that he used access to the company’s undisclosed earnings results to reap hundreds of thousands of dollars in illicit gains, according to prosecutors.
Gene Daniel Levoff worked as Apple’s corporate secretary, a role that involved managing the company’s compliance efforts to avoid employee insider trading. Mr. Levoff also served as co-chairman of Apple’s disclosure committee, which reviewed and discussed quarterly and annual earnings reports that hadn’t been issued yet, according to the U.S. attorney’s office for New Jersey, which prosecuted the case.
WASHINGTON—A former top corporate lawyer for Apple pleaded guilty Thursday to insider trading, admitting that he used access to the company’s undisclosed earnings results to reap hundreds of thousands of dollars in illicit gains, according to prosecutors.
Gene Daniel Levoff worked as Apple’s corporate secretary, a role that involved managing the company’s compliance efforts to avoid employee insider trading. Mr. Levoff also served as co-chairman of Apple’s disclosure committee, which reviewed and discussed quarterly and annual earnings reports that hadn’t been issued yet, according to the U.S. attorney’s office for New Jersey, which prosecuted the case.
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