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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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    How much money did Steve Levoff make before he was fired?Levoff earned around $277,000, and avoided losses of around $377,000 before he was fired by Apple in 2018. Levoff last June pleaded guilty to six counts of securities fraud for insider trading, and his sentencing took place today. In addition to four years probation, Levoff will pay approximately $604,000.
    What happened to gene Levoff?U.S. District Judge William Martini in Newark, New Jersey, sentenced Gene Levoff to four years of probation and 2,000 hours of community service. Levoff was also ordered to pay a $30,000 fine and forfeit $604,000. Levoff had admitted to six securities fraud counts that each carried a maximum 20-year prison term and $5 million fine.
    What happens if Steve Levoff is fired from Apple?Each count carries a maximum 20-year prison term and $5 million fine, though Levoff's punishment would likely be much less. Levoff's sentencing is scheduled for Nov. 10. Apple, based in Cupertino, California, fired Levoff in September 2018, five months before he was criminally charged.
    What was gene Levoff's job?Gene Levoff's job was to clamp down on insider trading at the company. Top editors give you the stories you want — delivered right to your inbox each weekday. By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy .
     
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