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  2. In 2019, the Justice Department charged Gene Levoff, who was senior director of corporate law at Apple until he was fired in late 2018, with using nonpublic information about Apple’s financial results that helped him avoid losses and collect profits while illegally making trades ahead of the company’s earnings reports.
    www.nytimes.com/2022/06/30/business/apple-levoff-insider-trading.html
    www.nytimes.com/2022/06/30/business/apple-levoff-insider-trading.html
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    Did gene Levoff betray Apple's Trust?Gene Levoff betrayed the trust of one of the world’s largest tech companies for his own financial gain,” Attorney for the United States Khanna said. “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.
    What is Apple v Levoff?The case is US v. Levoff, 19-cr-00780, U.S. District Court, District of New Jersey (Newark). (Updates with background on case.) The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit.
    Did Levoff violate Apple's insider trading policy?Levoff ignored this restriction, as well as the company’s broader Insider Trading Policy – which he was responsible for enforcing – and instead repeatedly executed trades based on material, nonpublic information without Apple’s knowledge or authorization.
    What was Steve Levoff's role at Apple?Levoff's role at Apple was supposed to include ensuring that Apple employees were compliant with the company's insider trading policies, including enforcement of "blackout periods" around Apple's earnings reports, but he ended up committing the crime he was meant to police.
     
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    WEBJun 30, 2022 · Gene Levoff was charged in 2019 with sifting trading tips from undisclosed earnings releases he oversaw. On June 29, 2007, the first iPhone went on sale. On that same day, a boy named Noah...

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    WEBFriday July 1, 2022 2:53 am PDT by Tim Hardwick. Former Apple vice president of corporate law Gene Levoff has pleaded guilty to six counts of securities fraud for insider trading, according...

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