Apple moral voice pleads guilty to immorality

Stefan Mileschin · 4th July 2022, 06:51

Who would have thunk it

The person who Apple appointed to lecture its staff on the dangers of insider trading has admitted six counts of insider trading.

Gene Levoff was selected by Apple to be the moral voice of its managers and was the company’s former corporate secretary and director of corporate law.

Leading by example, Levoff following the highest moral standards by misappropriating material, and nonpublic information about Apple’s financial results and then executed trades involving the company’s stock.

Levoff served on Apple’s Disclosure Committee, a group that looked over company earnings reports and SEC filings before they were published. Using information he was privy to, he was allegedly able to realize profits of “approximately $227,000 on certain trades” and avoided losses of “approximately $377,000 on others,” according to the DOJ.

Levoff also disregarded the company’s quarterly “blackout periods,” even after telling others that they could not buy or sell Apple stock during that time, and the company’s insider trading policy.

https://fudzilla.com/news/55085-appl...-to-immorality

4th July 2022, 06:51	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,812	Apple moral voice pleads guilty to immorality Who would have thunk it The person who Apple appointed to lecture its staff on the dangers of insider trading has admitted six counts of insider trading. Gene Levoff was selected by Apple to be the moral voice of its managers and was the company’s former corporate secretary and director of corporate law. Leading by example, Levoff following the highest moral standards by misappropriating material, and nonpublic information about Apple’s financial results and then executed trades involving the company’s stock. Levoff served on Apple’s Disclosure Committee, a group that looked over company earnings reports and SEC filings before they were published. Using information he was privy to, he was allegedly able to realize profits of “approximately $227,000 on certain trades” and avoided losses of “approximately $377,000 on others,” according to the DOJ. Levoff also disregarded the company’s quarterly “blackout periods,” even after telling others that they could not buy or sell Apple stock during that time, and the company’s insider trading policy. https://fudzilla.com/news/55085-appl...-to-immorality

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
'MalwareTech' security researcher pleads guilty	Stefan Mileschin	WebNews	0	22nd April 2019 07:27
Man pleads guilty to hijacking Apple IDs of rappers and sports stars	Stefan Mileschin	WebNews	0	1st April 2019 09:29
Chinese man pleads guilty to selling counterfeit Apple gear in US	Stefan Mileschin	WebNews	0	5th February 2018 05:26
UK cybersecurity researcher pleads not guilty to malware charges	Stefan Mileschin	WebNews	0	15th August 2017 13:31
Former Epix exec pleads guilty over $7 million fraud	Stefan Mileschin	WebNews	0	22nd June 2017 05:50
'Fully loaded' Kodi box seller pleads not guilty	Stefan Mileschin	WebNews	0	30th January 2017 05:10
VW pleads guilty in US emissions scandal, will pay $4.3 billion	Stefan Mileschin	WebNews	0	13th January 2017 15:36
Fappening Apple hacker pleads guilty	Stefan Mileschin	WebNews	0	30th September 2016 08:52
Second man pleads guilty to breaking into celebrity accounts	Stefan Mileschin	WebNews	0	4th July 2016 15:13
Man who killed baby over a videogame, pleads guilty	jmke	WebNews	0	1st September 2008 16:54