Analyst charged with insider trading and fraud after leaking Apple sales data
A research analyst and a former executive who revealed insider information about Apple’s sales have both been charged, reports Reuters. Analyst John Kinnucan on Friday was charged with two counts of securities fraud, two counts of conspiracy and one count of insider trading from a civil case filed by the U.S. Securities and Exchange Commission. Between 2008 and 2010, Kinnucan allegedly paid insiders with cash, trips and other incentives for inside information regarding Apple. Kinnnucan then sold the information to hedge funds for hundreds of thousands of dollars. Separately, former SanDisk executive Don Barnetson pleaded guilty to one count of conspiracy to commit wire fraud and securities fraud. “I conspired with a consultant to provide confidential information with respect to my employer at the time, SanDisk Corp,” Barnetson said. Barnetson could faces up to five years in prison but could get leniency for his “substantial cooperation.” Kinnucan could faces up to 20 years in prison on each of the securities fraud counts and one of the conspiracy counts, and up to five years on the other conspiracy count.
Изпрати sms на номер 1092 със съдържание " pvip 4165 " .
Related News
Няма подобни обявиOur site in Facebook
Top Day News
- New ‘Drive’ TV Spot and Poster (5 Visits)
- CHAUMET DANDY ARTY (5 Visits)
- Asus P8H77-M LucidLogix Virtu MVP Wizard 1.00.09 (2 Visits)
- 'Virtual Village' Helps Elderly Stay in Own Home (2 Visits)
- Acer Veriton M6618G Intel SATA RAID Driver 10.1.0.1008 for XP (2 Visits)
- ESPN: NL MVP Ryan Braun has positive drug test, appealing to avoid 50-game suspension (2 Visits)
- 'Porch Art' Brings Baltimore Neighborhood Together (2 Visits)
- BlackBerry Bold 9900 review (2 Visits)
- CWDN: Business-to-employee applications, what's that then? (2 Visits)
- Flabby? Cuccinelli’s Skechers suit has your backside (1 Visits)
Hot News
- Asus P43SJ Notebook Intel Bluetooth Driver 1.0.67.20474 (289 Visits)
- Abercrombie & Fitch Offers The Situation Money Not to Wear Their Products (289 Visits)
- HTC Vigor could be first Beats by Dre phone (289 Visits)
- Oracle bestows Sparc T4 beta on 'select' customers (289 Visits)
- The Register comment guidelines 2010 (288 Visits)
- Casting Bits: ‘Attack the Block’ Star in HBO’s ‘Da Brick’, Rachel Boston in ‘It’s a Disaster’, Harry Lloyd in ‘Closer to (286 Visits)
- ‘Janie Jones’ Trailer: Abigail Breslin Likely Steals the Show (281 Visits)
- Windows Phone Mango HTC Eternity and HTC Omega specs leaked (281 Visits)
- jimmy shoes (278 Visits)
- Cheap mbt shoes (274 Visits)


0 Comments on the news “Analyst charged with insider trading and fraud after leaking Apple sales data”
To leave a comment you must be logged into your account !