Apple's former top corporate lawyer pleades guilty to securities fraud, insider trading
Apple's former top corporate lawyer pleades guilty to securities fraud, insider trading
$Apple(AAPL.US)$ former corporate secretary and director of corporate law, Gene Levoff, has admitted to being part of an insider trading scheme that ran for five years.
$蘋果(AAPL.US)$前公司祕書兼公司法董事，吉恩·列夫夫，承認參與了一項持續了五年的內幕交易計劃。
What Happened: The U.S. Department of Justice said 48-year-old Levoff pleaded guilty before the U.S. District Judge William Martini to six counts of securities fraud.
發生的事情：美國司法部表示，48歲的列夫在美國地區法官面前認罪威廉·馬蒂尼六項證券欺詐指控。
Gene Levoff betrayed the trust of one of the world's largest tech companies for his own financial gain.
-said U.S. attorney Vikas Khanna.
吉恩·列夫為了自己的經濟利益背叛了世界上最大的科技公司之一的信任。
-美國檢察官維卡斯·卡納(Vikas Khanna)説。
Despite being responsible for enforcing Apple's own ban on insider trading, Levoff used his position of trust to commit insider trading in order to line his own pockets.
儘管負責執行蘋果對內幕交易的禁令，列夫夫仍利用自己的信任地位從事內幕交易，以牟取私利。
Levoff, formerly Apple's top corporate attorney, "misappropriated material, nonpublic information about Apple's financial results and then executed trades involving the company's stock," according to the Justice Department.
據《華爾街日報》報道，前蘋果首席公司檢察官萊沃夫“挪用了有關蘋果財務業績的材料和非公開信息，然後執行了涉及公司股票的交易。”司法部.
Levoff realized profits of nearly $227,000 on certain trades to avoid losses of approximately $377,000 on others.
Levoff在某些交易中實現了近227,000美元的利潤，以避免其他交易約377,000美元的損失。
Why It Matters: The securities fraud counts mean Levoff faces a maximum penalty of 20 years in prison and a $5 million fine. His sentencing is scheduled for Nov. 10.
為什麼這很重要：證券欺詐指控意味着列夫將面臨最高20年的監禁和500萬美元的罰款。他的宣判定於11月10日進行。
Levoff was the co-chair of Apple's Disclosure Committee, which reviewed and discussed the company's draft quarterly and yearly earnings and reviewed SEC filings, according to the Justice Department.
據司法部稱，萊沃夫是蘋果披露委員會的聯合主席，該委員會負責審查和討論蘋果的季度和年度收益草案，並審查美國證券交易委員會的備案文件。
Levoff mined these materials for inside information about Apple to guide his decisions to buy and sell Apple stock ahead of its earnings announcements.
-the Justice Department said.
列夫夫從這些材料中挖掘出關於蘋果的內幕消息，以指導他在蘋果公佈財報之前買賣蘋果股票的決定。
-司法部表示。
When the iPhone maker posted strong revenue and net profit for a quarter, Levoff purchased large amounts of stock, which he later sold for a profit once the market reacted to the news.
當蘋果手機Maker在一個季度公佈了強勁的收入和淨利潤，Levoff購買了大量股票，一旦市場對這一消息做出反應，他後來就出售了這些股票以獲利。
Levoff adopted an opposite strategy and sold large chunks of Apple shares to avoid losses when the company registered a lower-than-anticipated revenue and net profit.
Levoff採取了相反的策略，當公司的收入和淨利潤低於預期時，他出售了大量蘋果股票，以避免損失。
The Justice Department alleged that Levoff executed trades during Apple's "blackout periods," even as he notified others of restrictions on trades during this period.
司法部聲稱，利沃夫在蘋果公司的“封鎖期”執行交易，儘管他通知其他人在此期間交易受到限制。
Price Action: On Thursday, Apple shares closed 1.8% lower at $136.72 in the regular session, according to data from Benzinga Pro.
價格行動：根據Benzinga Pro的數據，蘋果股價週四在常規交易時段收跌1.8%，至每股136.72美元。