Gene Levoff. Source: Bloomberg
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.
In 2018, Apple’s director of corporate law, who is partially responsible for policing insider trading, was accused of making trades with confidential information. Apple suspended Gene Levoff in July then fired him in September after an investigation.
Between 2011 and 2016, Levoff made around $227,000 in profits and avoided $377,000 in losses. He was able to make such moves thanks to his early access to earnings reports and secret sales figures.
