Feeds

iPhone 4, iPad mole faces 30 years' federal porridge

Insider leaked fondleslab secrets in trading scam

Top 5 reasons to deploy VMware with Tegile

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.