A new report by CNBC says that former senior Director, corporate law Apple gin Levoff traded AAPL stock using insider information.
This became known from the lawsuit, which States that Levoff involved in insider trading in shares of the company several times since 2011. Meanwhile, Levoff that Apple “quietly” dismissed in September 2018, was responsible for the compliance of the Corporation of the securities laws.
“Gin Levoff’s been involved in insider trading: he sold Apple securities at least three times in 2011 and 2012. For such machinations in 2015 and 2016, Levoff a profit and avoid losses of about $ 382 000 US dollars”.
The report details how, Levoff allegedly acquired the shares before the shareholders ‘ meeting, which was announced about increase of the company’s revenues. Later he sold these shares under the influence of insider information, which could lead to a decline in their value.
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