• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Tech News»Apple’s former securities lawyer pleads to securities fraud for insider trading
Tech News

Apple’s former securities lawyer pleads to securities fraud for insider trading

July 1, 2022Updated:July 1, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Apple’s former securities lawyer pleads to securities fraud for insider trading
Share
Facebook Twitter LinkedIn Pinterest Email

A former Apple lawyer who was accountable for stopping insider buying and selling has pleaded responsible to 6 counts of securities fraud for insider buying and selling, in keeping with a Division of Justice (DOJ) press launch. Gene Levoff, as soon as the corporate’s former company secretary and director of company regulation, “misappropriated materials, nonpublic details about Apple’s monetary outcomes after which executed trades involving the corporate’s inventory” from February 2011 to April 2016, the discharge says. Fees towards him have been initially filed by the SEC as a civil criticism in 2019.

Levoff additionally served on Apple’s Disclosure Committee, a bunch that seemed over firm earnings experiences and SEC filings earlier than they have been revealed. Utilizing info he was aware about, he was allegedly capable of understand earnings of “roughly $227,000 on sure trades” and prevented losses of “roughly $377,000 on others,” in keeping with the DOJ. Levoff additionally disregarded the corporate’s quarterly “blackout intervals,” even after telling others that they may not purchase or promote Apple inventory throughout that point, and the corporate’s insider buying and selling coverage.

Particularly, Levoff was co-chairman of Apple’s Disclosure Committee, which reviewed and mentioned the corporate’s draft quarterly and yearly earnings supplies and periodic U.S. Securities and Change Fee (SEC) filings earlier than they have been publicly disclosed. Levoff mined these supplies for inside details about Apple to information his selections to purchase and promote Apple inventory forward of its earnings bulletins. When Apple posted robust income and web revenue for a given monetary quarter, he bought giant portions of inventory, which he later offered for a revenue as soon as the market reacted to the information. When there have been lower-than-anticipated income and web revenue, Levoff offered giant portions of Apple inventory, avoiding important losses.

Levoff’s sentencing is scheduled for November tenth. Apple didn’t instantly reply to a request for remark.

See also  Alleged Apple Trademarks Point to 'Reality' Branding for Long-rumored Mixed Reality Headset – Road to VR

Source link

Apples Fraud insider lawyer pleads securities trading
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple’s iPhone 15 Plus is big and beautiful but doesn’t blaze any trails

March 28, 2024

Apple Is Taking On Apples in a Truly Weird Trademark Battle | Startup

June 19, 2023

Apple’s VisionOS Makes a Bold Leap in Computer Interface

June 10, 2023

This forensic accounting startup in Seattle is helping lawyers solve fraud investigations – Startup

January 24, 2023
Add A Comment

Comments are closed.

Editors Picks

myQ Smart Garage Video Keypad review

July 28, 2023

LockBit 3.0’s ransomware surge highlights that the cybercrime epidemic is far from over 

September 27, 2022

Panasonic LZ2000 (2022) review

February 1, 2023

Alleged Quest Pro Unboxing Video Apparently Leaks Meta’s Next VR Headset – Road to VR

September 12, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.