AT&T employee admits to leaking Apple info
June 19 , 2012
A former AT&T employee has admitted to sharing company secrets such as sales numbers for Apple’s iPhone to traders who illegally bought shares on the information.
Alnoor Ebrahim, 57, a U.S. citizen born in Tanzania, is the latest person to plead guilty in the American government's probe into insider trading.
Ebrahim was part of a network where some employees of specialized firms leaked corporate secrets to consultants and hedge funds.
Ebrahim pleaded guilty to one count of conspiracy to commit wire and securities fraud.
Federal prosecutors, in a plea agreement with the defense, recommended that Ebrahim be sentenced to a maximum of two years in prison.