A report by CNBC this morning says that Gene Levoff, former senior director of corporate law and corporate secretary for Apple, traded AAPL using nonpublic information.

It’s revealed in the suit that Levoff commit insider trader multiple times prior to this incident, at least dating as far back as 2011. Ironically, Levoff, who was fired extremely secretively from Apple in September 2018, was “responsible for Apple’s compliance with securities laws”.

From the complaint filed by the SEC,

The report details how Levoff allegedly purchased shares prior to positive earning calls, and sold shares under the influence of nonpublic insider information that he knew would send shares downward. CNBC makes specific mention of “poor results” in reference to earnings calls, and since Levoff was put on leave from Apple in July 2018, it’s safe to assume that while slumping iPhone sales

The complaint, via CNBC

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For example, on February 24, 2011, Levoff sent an email to Apple employees explaining that a blackout period would begin on March 1, 2011, and remain in effect “until 60 hours after earnings are released in April 2011.”

The first sentence of Levoff’s February 24, 2011 email stated: “REMEMBER, TRADING IS NOT PERMITTED, WHETHER OR NOT IN AN OPEN TRADING WINDOW, IF YOU POSSESS OR HAVE ACCESS TO MATERIAL INFORMATION THAT HAS NOT BEEN DISCLOSED PUBLICLY.”