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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Legion announces 2019 Poppy Campaign recipients

Poppy Campaign raised $7,999.95 last year in total donations

Community of Vavenby weekly news update

Vavenby fire chief asks Doris Scarff to paint two murals on the inside walls of fire hall

Blue River Powder Packers blocked from accessing popular riding areas

Snowmobile tourism group loses revenue over lack of notice from logging activity

Back in Time

Historical Perspective

Tourism Wells Gray to benefit from new provincial funding

Funds provided to help further develop tourism opportunities and bring new visitors to the area

VIDEO: 7 things you need to know about the 2020 B.C. budget

Surplus of $227 million with big spending on infrastructure and capital projects

Via Rail lays off 1,000 employees temporarily as anti-pipeline blockades drag on

The Crown corporation has suspended passenger trains on its Montreal-Toronto and Ottawa-Toronto

VIDEO: Knife-wielding man arrested after barricading himself in Lower Mainland Walmart

A man had barricaded himself in the freezer section of the fish area at a Walmart in Richmond

Budget 2020: Weaver ‘delighted,’ minority B.C. NDP stable

Project spending soars along with B.C.’s capital debt

B.C. widow ‘crushed’ over stolen T-shirts meant for memorial blanket

Lori Roberts lost her fiancé one month ago Tuesday now she’s lost almost all she had left of him

Higher costs should kill Trans Mountain pipeline, federal opposition says

Most recent total was $12.6 billion, much higher than a previous $7.4-billion estimate

Wet’suwet’en hereditary chiefs say they’ll meet with ministers if RCMP get out

Federal minister in charge of Indigenous relations has proposed a meeting to diffuse blockades

Trees Cannabis director fined $1.5M for selling marijuana

Fine follows provincial crackdown on popular dispensary

World Cup skier from Okanagan dies suddenly at 19

Kuroda, who made his World Cup debut earlier this year, passed away suddenly Monday night.

Most Read