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.
This ironic failure will repeat. Giving information asymmetry to an individual and placing trust in them because they have a doctorate is the old model. The economic incentive to cheat is high and the punishment is low. He’d be dumb not to entertain it. systemic
Haha wow that is ironic
The old 'Fox guarding the hen house' again!
Beastlyorion And he looks exactly like Tim Cook. Coincidence? I think not.
he seems to be a real expert about this topic.
Short term short 🚨
iCrime
😂😂😂😂😂
xtrixcyclex Why post a picture of Tim Cook with this headline? How about the Apple logo or a picture of the lawyer?
😂😂
Davidlaz Shocked I tell you!!!
Tim Cook response.... “Wait, what?”
cannot get better than this
He will be joining the Trump legal team soon
Haha!
Davidlaz Didn’t we already do this story?
Eating of the fat of the lamb, while looking out for the wolves?
Lifes tough
LOL NOW CHECK THOSE MARKET MAKERS TRADING FACEBOOK! THOSE INSTITUTIONS -MANIPULATION 100% WE SHOULD BE TRADING MUCH HIGHER AND WE WILL AFTER ER.
Not shocked that someone would do it but I am surprised someone at $AAPL would considering the type of compensation their execs receive. Note that he wasn't a reporting insider so his legal trades were not publicly disclosed. But he did sign & file the company's Form 4s.
And he didn't even play options. Just shares. If you're going to break the law...
What about W.B? They both admitted he got the call. W.B gave the advice Cook said ok W.B bought the stock W.B talked his book after purchase. Stock took off like a rocket. All on video.
Mikhail507 😁
Opps Needs to run for Congress first
Why else would you take this position?
If he’s guilty lock him up
Irony.
It takes a thief to catch a thief to catch a thief...
Paging Alanis Morissette
He couldn't be indicted for outsider trading.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: latimes - 🏆 11. / 82 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Mirror Celeb - 🏆 476. / 51 Read more »
Source: USATODAY - 🏆 100. / 63 Read more »
Source: Eater - 🏆 368. / 59 Read more »