Former Apple Lawyer Pleads Guilty to Insider Trading

WASHINGTON—A former high company lawyer for Apple pleaded guilty Thursday to insider trading, admitting that he used entry to the corporate’s undisclosed earnings outcomes to reap tons of of 1000’s of {dollars} in illicit beneficial properties, in accordance to prosecutors.

Gene Daniel Levoff labored as Apple’s company secretary, a task that concerned managing the corporate’s compliance efforts to keep away from worker insider buying and selling. Mr. Levoff additionally served as co-chairman of Apple’s disclosure committee, which reviewed and mentioned quarterly and annual earnings studies that hadn’t been issued but, in accordance to the U.S. lawyer’s workplace for New Jersey, which prosecuted the case.