Ex-Apple insider trading lawyer charged with… insider trading

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A former Apple lawyer faces criminal insider trading charges.
Photo: Cult of Mac file

A former top lawyer for Apple, fired after the SEC charged him with insider trading, was formally indicted on multiple charges of wire and security fraud, the U.S. Attorney in New Jersey announced today.

One of Gene Levoff’s responsibilities for Apple was to guard against the very activity that finds him in trouble.

Fired Apple lawyer released on $500,000 bond

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Gene Levoff is accused of insider trading while at Apple.
Photo: Milo Kahney/Cult of Mac

Gene Levoff, former senior director of corporate law and corporate secretary at Apple, has been released on a $500,000 bond after pleading not guilty to charges of insider trading.

Levoff, who formerly prevented Apple employees from insider trading, is accused of using nonpublic information to buy and sell tens of millions of dollars’ worth of Apple stock. He was fired by Apple last September, two months after being placed on leave.

SEC charges ex-Apple lawyer with insider trading

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Apple is worth more than the entire US energy sector combined
Former Apple lawyer Gene Levoff used confidential Apple earnings data to make millions.
Photo: Ste Smith/Cult of Mac

Apple’s former lawyer who was in charge of preventing employees from insider trading has been charged with insider trading himself.

The Securities and Exchange Commission accuses Gene Levoff, former senior director of corporate law and corporate secretary at Apple, of using inside information to buy and sell tens of millions of dollars worth of Apple shares in order to make a profit or avoid losses.