Ex-Apple lawyer accused of profiting from confidential info

Allegations against Gene Levoff emerged in criminal and civil complaints

U.S. authorities are accusing a former Apple attorney of brazenly breaking insider trading rules that he helped draft, while profiting from stock sales and investments that he made after receiving confidential information about the company’s finances.

READ MORE: Apple releases update to stop FaceTime eavesdropping

The allegations against Gene Levoff emerged in criminal and civil complaints filed Wednesday in a New Jersey federal court.

The Justice Department and the Securities and Exchange Commission estimated Levoff realized gains and avoided losses totalling more than $600,000 in illegal trades periodically made from 2011 to 2016. Levoff was a top attorney in Apple’s corporate law department from 2008 until the company fired him last September.

Levoff’s lawyer, Kevin Marino, said his client plans to fight the allegations.

Apple said it conducted its own investigation after being alerted by authorities last summer.

The Associated Press

Like us on Facebook and follow us on Twitter.

Just Posted

Forest stewards to meet in Nelson this weekend

The Forest Summit is meant offer a platform for advocacy groups to share resources and information

Filling the void; Success story for Kootenay-to-Kelowna bus service

Trail-based bus line took over the Kelowna run after Greyhound Canada put a stop to it

Grand Forks Border Bruins snap 4-game slide with weekend wins

Saturday’s win also marked the first time in four games that the Bruins outshot their opponents

Hundreds turn out for Singh, NDP candidate rally in Penticton

The messaging was clear, NDP “chooses you”

In the news: Liberals eke out a win, but will need NDP, Green support to pass bills

Conservatives say they are ready if Trudeau should falter

Remains found under Kamloops street belong to woman who lived five centuries ago

Woman was between ages of 50 and 59, gave birth at least once, was right-handed

‘Inconsistent’ message on climate change hurt Liberals at the polls: prof

Trudeau government will have to make concessions to hold onto power

Greta Thunberg to attend post-election climate strike in Vancouver

Sustainabiliteens Vancouver strike expected to emphasize need for cross-party collaboration

‘Inconsistent’ message on climate change hurt Liberals at the polls: SFU prof

Trudeau government will have to make concessions to hold onto power

Security guard bitten, punched by patient at Terrace hospital

Violent incident is one of many in northwest B.C., nurses’ union says

VIDEO: Final trailer for ‘Rise of Skywalker’ debuts

Last instalment in Skywalker saga to hit theatres Dec. 20

Second young woman dies after rollover crash near Williams Lake

‘Someone’s going to get her heart, which is awesome, because she has the best heart in the world’

Google searches for ‘how to vote’ surge on Election Day

Interest spikes despite social media campaign by Elections Canada

Most Read