A grand jury in the U.S. District Court for the District of New Jersey indicted a former in-house Apple Inc. attorney for insider trading.
Gene Levoff, 45, faces charges of securities fraud and wire fraud and a maximum of 20 years in prison and a $5 million fine for the securities fraud counts. The wire fraud charges carry a maximum penalty of 20 years in prison and a fine of $250,000 or “twice the gain derived from or loss caused by the offense.”
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