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.

Just Posted

Retiree men’s group ‘solving the world’s problems’ one coffee at a time

Every Wednesday morning nearly a dozen retired, church-going men meet in Aldergrove to socialize.

Giants sixth straight win enjoyed at home in Langley

Giants also defeated Kelowna Saturday, and are now on tap to play Portland Monday afternoon at LEC.

DW Poppy Sr. boys basketball defeats ACSS Totems rivals

DW Poppy’s Sr. boys RedHawks defeated ACSS Totems this Friday in a high-stakes basketball match.

VIDEO: All ages participate in Langley Hospice Historic Half marathon

Turnout was down, slightly, this year but donations are up

‘Just like Iron Man’: Calgary surgeon undergoes experimental spinal surgery

Dr. Richi Gill was in a freak accident on a boogie board during a family vacation in Hawaii

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

‘Violent’ B.C. man wanted on Canada-wide warrant

Prince George man with ties to Vernon sought by police

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

UPDATE: Rescue crews for 2 hikers caught up in possible avalanche on Mount Seymour

North Vancouver RCMP say they don’t know what the nature of the call is yet

Deported B.C. man who came to Canada as a baby granted chance at return

Len Van Heest was deported to the Netherlands in 2017

Homicide police investigate assault turned deadly in Surrey

60-year-old man died at hospital after assault

A Mother’s Wish: Ryan Shtuka’s mother wants her son to be ‘forever known’

‍‍‍‍‍“Let me tell you a story …. it all began with a boy named Ryan”

Most Read