Former Apple Lawyer Bailed on $500k Bond

Former Apple Vice President Corporate Law Gene Levoff was released Tuesday after the payment of a $500k bail bond. He is accused of trading on confidential revenue and earnings filings for a number of years.

Accusations From 2011

Prosecutors accused Mr. Levoff of insider trading since 2011. In federal courter in Newark, New Jersey Judge Steven C. Mannion commented that Mr. Levoff had “extensive assets” and had traveled widely (via Bloomberg News). This likely identified him as a flight risk and contributed to the high bail bond (via 9to5 Mac). Appearing at the hearing, Mr. Levoff’s attorney, Kevin Marino said: “We very much look forward to defending Mr. Levoff in this case”

Apple fired Mr. Levoff in September 2018. He had been placed on leave for the previous two months. During his time at Apple, he became Vice President of Corporate Law and reported directly to the company’s general counsel.

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