Ex-Apple lawyer accused of profiting from confidential info

Allegations against Gene Levoff emerged in criminal and civil complaints

U.S. authorities are accusing a former Apple attorney of brazenly breaking insider trading rules that he helped draft, while profiting from stock sales and investments that he made after receiving confidential information about the company’s finances.

READ MORE: Apple releases update to stop FaceTime eavesdropping

The allegations against Gene Levoff emerged in criminal and civil complaints filed Wednesday in a New Jersey federal court.

The Justice Department and the Securities and Exchange Commission estimated Levoff realized gains and avoided losses totalling more than $600,000 in illegal trades periodically made from 2011 to 2016. Levoff was a top attorney in Apple’s corporate law department from 2008 until the company fired him last September.

Levoff’s lawyer, Kevin Marino, said his client plans to fight the allegations.

Apple said it conducted its own investigation after being alerted by authorities last summer.

The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Pedestrian in serious condition after hit by car downtown Abbotsford

A youth was also hit, suffered minor injuries, police say

UFV eliminated in three by UBC

Men’s basketball team loses two straight after game one shocker

Fraser Valley Stage presents Starlight Radio Theatre

Abbotsford production features music from Big Band era

Abbotsford school facilities naming process to include Indigenous voice

Local policy changing to meet requirements in provincial policy

Abbotsford goes up 2-0 on Langley

Pilots win both games on home ice, series now shifts to Langley

B.C. students win Great Waters Challenge video contest

Video, mural and song about saving the salmon claims the top prize

B.C. athlete takes home gold in freestyle aerials at Canada Games

Brayden Kuroda won the event with a combined score of 121.65.

Cabinet likely to extend deadline to reconsider Trans Mountain pipeline

New round of consultations with Indigenous communities is coming

B.C. government provides $75,000 towards salmon study

Study looks at abundance and health of Pacific salmon in Gulf of Alaska

Murdered and missing honoured at Stolen Sisters Memorial March in B.C.

‘We come together to make change within the systems in our society’

UBC researchers develop inexpensive tool to test drinking water

The tricoder can test for biological contamination in real-time

Disgraced ex-Congressman Anthony Weiner released from prison

He was convicted of having illicit online contact with a 15-year-old North Carolina girl in 2017

Most Read