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  2. Levoff ignored quarterly "blackout periods" that barred trading before Apple's results were released and violated the company's broader insider trading policy that he himself was responsible for enforcing, prosecutors said. Apple, based in Cupertino, California, fired Levoff in September 2018, five months before he was criminally charged.
    www.usnews.com/news/technology/articles/2023-12-07/ex-apple-lawyer-sentenced-to-probation-for-insider-trading
    www.usnews.com/news/technology/articles/2023-12-07/ex-apple-lawyer-senten…
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    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.
    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 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 .
    Why did Steve Levoff go to jail?Levoff pleaded guilty in June 2022 to using his access to Apple’s draft Securities and Exchange Commission filings to make illegal trades. Levoff, 49, had faced as long as two years in prison under his plea agreement, and prosecutors had urged the judge to impose jail time to deter similar crimes.
     
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