Former Apple lawyer Gene Levoff was fined $1.15 million for insider pricing and sentenced to four years of probation late last year.

Levoff’s job was to ensure compliance with Apple’s insider trading policies. His position allowed him to receive Apple’s financial results before they were released to the public.

He bought shares before good results and sold them when revenue was lower than expected. This information allowed him to earn $277,000 and avoid a loss of $377,000.

Levoff’s net worth is $13 million.


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Source: Iphones RU

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