“A former Apple Inc. lawyer was released on a $500,000 bond after entering a not-guilty plea to insider-trading charges,” Chris Dolmetsch reports for Bloomberg.
“Gene Daniel Levoff appeared in federal court in Newark, New Jersey, on Wednesday, a week after prosecutors said he had traded on confidential revenue and earnings filings since 2011,” Dolmetsch reports. “In setting the bond, U.S. Magistrate Judge Steven C. Mannion noted that Levoff had traveled extensively and held ‘“extensive assets.'”
“Apple fired Levoff in September after placing him on leave two months earlier, according to a filing in a related lawsuit by the Securities and Exchange Commission,” Dolmetsch reports. “Over his decade-long career at Apple, he was one of the most senior executives, reporting directly to the general counsel.”
Read more in the full article here.
MacDailyNews Take: If found guilty, prosecute him to the fullest extent of the law.
SEE ALSO:
U.S. charges former top Apple lawyer with insider trading – February 13, 2019
With as much power as corporate executives have over citizens and their puppet government officials, they need to be held to a very strict standard. The era of corporatocracy must end for democracy to persist.
But of course when convicted, you can be sure that no arenas full of bobbleheads will be crying, “Lock him up! Lock him up!” The brainwashed masses only cheer for their team, not for justice and honesty.
send the jackass to jail
If he really guilty in this insider trading ring he don’t deserve to live free. Sent to Jail and Lock him up!