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

Cariboo Regional District appoints four new fire chiefs

New chiefs take their positions in Ten Mile, West Fraser, Wildwood and 108 Mile

Hundreds turn out for caribou recovery engagement session in Quesnel

Since last week’s meeting, the public engagement period has been extended to May 31

Technical analysis of changing land base in Quesnel Timber Supply area begins

Quesnel hosted a technical landscape meeting last week as part of Forestry Initatives Program

Quesnel’s Paisley Players return with new, two-play show

The show is written and directed by local Gino de Rose

Quesnel SPCA asks public for donations after puppy caught in trap

The puppy’s medical bills are expected to amount to more than $4,600

VIDEO: Alberta man creates world’s biggest caricature

Dean Foster is trying to break the world record for a radio show contest

Should B.C. lower speed limits on side roads to 30 km/h?

Vancouver city councillor wants to decrease speed limits along neighbourhood side roads

Lawsuit eyed over union-only raise for B.C. community care workers

‘Low-wage redress’ leaves 17,000 employees out, employers say

Landlord of alleged Okanagan shooter recounts deadly day

Tony Friesen was working in one of the units of his Penticton building when he heard shots

Foreign national arrested in connection to thefts at YVR

A woman, 60, is being held in police custody as Richmond RCMP investigate

Police pursue pesky porker on Vancouver Island

‘This was allegedly not the pig’s first escape’

Westjet tries again to dismiss proposed class-action lawsuit alleging discrimination

Former flight attendant claims airline broke contractual promise to create harassment-free workplace

Man airlifted to hospital after apparent hunting incident in East Kootenay

The man was in stable condition when he was flown out of Fairmont Hot Springs to a Calgary hospital

Police probe eight fires set at B.C. elementary school

Nanaimo RCMP say fires appear to have been set intentionally

Most Read