Apple Inc.’s former corporate secretary and director of corporate law, Gene Levoff, has admitted to being part of an insider trading scheme that ran for five years.
The Department of Justice said on Thursday that 48-year-old Levoff pleaded guilty before the U.S. District Judge William Martini to six counts of securities fraud.
“Gene Levoff betrayed the trust of one of the world’s largest tech companies for his own financial gain,” said U.S. attorney Vikas Khanna.
“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.”…