Feeds

iPhone 4, iPad mole faces 30 years' federal porridge

Insider leaked fondleslab secrets in trading scam

The smart choice: opportunity from uncertainty

A former Flextronics exec is facing up to 30 years in prison for leaking details of Apple's iPhone 4 development as part of an insider trading scam.

Walter Shimoon, 39, of San Diego, California, has pleaded guilty to conspiracy and fraud charges. He was arrested in December.

Shimoon is accused of using his position at Flextronics to get secret information about Apple's iPad and iPhone 4 development both from within the company and from other component makers. This included sales forecasts and product specs.

The allegation is that he passed this information onto Primary Global Research, which in turn paid him thousands of dollars for the secrets.

A DOJ statement said Shimoon: "also provided inside information to a consultant who operated a research firm and then provided the information to certain money managers."

Shimoon will be sentenced on Friday 8 July. ®

Designing a Defense for Mobile Applications

More from The Register

next story
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.