Apple’s ex-corporate law chief pleads guilty to years of insider trades

The corporate lawyer who was once responsible for enforcing Apple’s insider trading policy pleaded guilty, ironically, to illegally trading for years on confidential revenue and earnings filings.

Apple Park in Cupertino, California
Apple Park in Cupertino, California

yChris Dolmetsch and Bob Van Voris or Bloomberg News:

Gene Levoff, Apple’s former director of corporate law, on Thursday admitted he regularly traded on inside information between 2011 and 2016. Levoff, 48, of San Carlos, California, pleaded guilty to six counts of securities fraud in a videoconference before US District Judge William J. Martini in Newark, New Jersey.

The Stanford Law School graduate, who joined Apple in 2008, is scheduled to be sentenced on Nov. 10. The securities fraud counts to which Levoff pleaded guilty each carry a maximum sentence of 20 years in prison, though he is unlikely to get that much time.

“Gene Levoff betrayed the trust of one of the world’s largest tech companies for his own financial gain,” New Jersey US Attorney Vikas Khanna said in a statement. “Despite being responsible for enforcing Apple’s own ban on insider trading, Levoff used his position of trust to commit insider trading in order to line his own pockets.”

Levoff on several occasions made trades within quarterly blackout periods, even after telling others employees that they were prohibited from trading in Apple stock, according to prosecutors.

MacDailyNews Take: As we wrote in October 2019, “If found guilty, prosecute him to the fullest extent of the law – and not in some Club Fed white-collar, minimum-security resort, either.”

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15 Comments

      1. He doesn’t know, he’s just coming out of a propaganda session infusion from cBS; MSNBC (More Snotty Nosed BitchyCommunists); NBC (NumbskullBullCrappers); etc., etc.

        1. Others: CNN in the ’90s (ClintonNewsNetwork), CNN today (CommunistNewsNetwork), ABC (AllBullsh*tConspirators), CBS (CommunistsBroadeningSolidarity), BBC (BoldyBroadcastingCrap), NPR (NoProofRequired), NYT (NoneYapTruth), WP (WorthlessPablum) …

        2. MDN.- Miracles Daily Now, Macnificent Daily News, Maudlin Doubters Nixed, Making Democrats Neutered, Magically Delightfully Nifty.

      2. Sure seems like a lie–she has kids and all–but it sure fits as ultimately confused…that is the one that couldn’t say what a woman is. Fortunately, she was able to slip on a uni-sex robe today…whatever uni-sex is.

  1. You mean not knowing what is a woman? Yep, that appears to be a choice of belief, but more fitting of a lie…in this case, for narrative sake.

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