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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.
    When is Steve Levoff's sentencing?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. The U.S. Securities and Exchange Commission filed related civil charges.
    What happens if Levoff is convicted of securities fraud?The counts of securities fraud in Mr. Levoff’s plea carry a maximum penalty of 20 years and a $5 million fine. Sentencing is scheduled for Nov. 10. A separate suit by the Securities and Exchange Commission is still pending. The agency was seeking a judgment that would require Mr. Levoff to repay his gains from the trades.
    Why did Apple fire Steve Levoff?Apple, based in Cupertino, California, fired Levoff in September 2018, five months before he was criminally charged. The U.S. Securities and Exchange Commission filed related civil charges. Authorities have said servers were located in New Jersey for firms that handled Levoff's trades, explaining why the criminal case was filed in that state.
     
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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 to a...

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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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