The former top corporate lawyer for Cupertino technology giant Apple on Thursday pleaded guilty to insider trading.
The scheme by Gene Levoff, 48, of San Carlos spanned five years, the U.S. Department of Justice said in a news release Thursday. Levoff, charged in early 2019, admitted 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,” federal prosecutor Vikas Khanna said. “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.”
