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.
$苹果(AAPL.US)$前公司秘书兼公司法董事，吉恩·列夫夫，承认参与了一项持续了五年的内幕交易计划。
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.
发生的事情：美国司法部表示，48岁的列夫在美国地区法官面前认罪威廉·马蒂尼六项证券欺诈指控。
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·列夫为了自己的经济利益背叛了世界上最大的科技公司之一的信任。
-美国检察官维卡斯·卡纳(Vikas Khanna)说。
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.
尽管负责执行苹果对内幕交易的禁令，列夫夫仍利用自己的信任地位从事内幕交易，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.
据《华尔街日报》报道，前苹果首席公司检察官莱沃夫“挪用了有关苹果财务业绩的材料和非公开信息，然后执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在某些交易中实现了近227,000美元的利润，以避免其他交易约377,000美元的损失。
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.
为什么这很重要：证券欺诈指控意味着列夫将面临最高20年的监禁和500万美元的罚款。他的宣判定于11月10日进行。
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.
据司法部称，莱沃夫是苹果披露委员会的联合主席，该委员会负责审查和讨论苹果的季度和年度收益草案，并审查美国证券交易委员会的备案文件。
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.
列夫夫从这些材料中挖掘出关于苹果的内幕消息，以指导他在苹果公布财报之前买卖苹果股票的决定。
-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.
当苹果手机Maker在一个季度公布了强劲的收入和净利润，Levoff购买了大量股票，一旦市场对这一消息做出反应，他后来就出售了这些股票以获利。
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采取了相反的策略，当公司的收入和净利润低于预期时，他出售了大量苹果股票，以避免损失。
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.
司法部声称，利沃夫在苹果公司的“封锁期”执行交易，尽管他通知其他人在此期间交易受到限制。
Price Action: On Thursday, Apple shares closed 1.8% lower at $136.72 in the regular session, according to data from Benzinga Pro.
价格行动：根据Benzinga Pro的数据，苹果股价周四在常规交易时段收跌1.8%，至每股136.72美元。