Gene Levoff was meant to police insider trading at Apple, but was caught in the act, found guilty, and given four years probation. He's now been fined $1.15 million in a related SEC case.
Gene Levoff was in charge of policing insider trading at Apple while he performed the illegal act in the background, but got off easy with four years of probation.
Gene Levoff, the former senior director of corporate law for Apple, has been denied a motion to dismiss an indictment over charges of insider trading, after failing to convince a court that the prosecution was unconstitutional.
Gene Levoff, Apple's former senior director of corporate law, continues to fight charges of insider trading and on Monday asked that his indictment be dismissed citing an argument of constitutionality.
Former Apple lawyer Gene Levoff, who oversaw the company's Insider Trading Policy as corporate secretary and senior director of corporate law, was on Thursday indicted for insider trading and faces a maximum penalty of 120 years in prison.
Apple's former senior director of corporate law, Gene Levoff, has been temporarily released on a $500,000 bail bond while he awaits trial for insider trading.
The U.S. Securities and Exchange Commission has charged Apple's former director of corporate law, Gene Levoff, with insider trading based on his knowledge of corporate performance.
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Wesley Hilliard
Malcolm Owen
AppleInsider Staff
Mikey Campbell
Roger Fingas
