A former top Apple lawyer whose responsibilities included preventing insider trading has now been indicted for, uh, that.
Gene Levoff, Apple's former corporate secretary and director of corporate law, is accused of using insider knowledge to trade Apple stock between February 2011 and April 2016 — the exact behavior he was entrusted to prevent.
Illegal insider trading gives people with access to nonpublic company information an unfair advantage over everyone else, a bit like using secret cheat codes in a multiplayer game. Only instead of leaderboards and kill streaks, it's hundreds of thousands of dollars on the line. Read more...
More about Apple, Crime, Insider Trading, Tech, and Big Tech Companiesvia Tingle Tech