A former Apple executive has been charged with insider trading after being accused of selling millions of dollars in shares using private financial information.
Gene Levoff, who was one of the company’s top lawyers until he was fired by Apple in September, allegedly made more than $600,000 (£467,000) in profits or avoided losses between 2011 and 2016.
The US Securities and Exchange Commission (SEC) and Department of Justice (DOJ) charged Mr Levoff with violating insider trading laws. The former is seeking a fine and a ban on him serving on public company boards, as well as repaying his profits, while the DOJ’s charges carry a penalty of up to 20 years in prison.
Mr Levoff’s senior position meant…