{"id":15803,"date":"2012-06-19T00:33:32","date_gmt":"2012-06-18T22:33:32","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=15803"},"modified":"2012-06-19T10:52:23","modified_gmt":"2012-06-19T08:52:23","slug":"apple-rim-secrets-leaked-by-former-att-employee","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/15803\/apple-rim-secrets-leaked-by-former-att-employee\/","title":{"rendered":"Apple, RIM secrets leaked by former AT&T employee"},"content":{"rendered":"

A former AT&T employee admitted on Monday to sharing company secrets such as sales numbers for Apple Inc’s<\/a> iPhone to traders who illegally bought shares on the information.<\/p>\n

Alnoor Ebrahim, 57, a U.S. citizen born in Tanzania, is the latest person to plead guilty in the U.S. government’s crackdown on insider trading, which claimed its biggest target to date on Friday – former Goldman Sachs Group Inc board member Rajat Gupta.<\/p>\n

Ebrahim was part of a so-called expert-network ring where some employees of specialized firms such as Primary Global Research (PGR) helped funnel corporate secrets from consultants at companies to hedge funds.<\/p>\n

“I provided insider information concerning AT&T’s sales of Apple’s iPhone and RIM’s (Research In Motion Ltd<\/a>) Blackberry<\/a> products, as well as other handset set devices sold through AT&T distribution channels,” Ebrahim told U.S. District Judge Paul Oetken in Manhattan.<\/p>\n

Ebrahim pleaded guilty to one count of conspiracy to commit wire and securities fraud. Manhattan federal prosecutors, in a plea agreement with the defense, recommended that Ebrahim be sentenced to a maximum of two years in prison.<\/p>\n

“We took this matter very seriously and cooperated fully with the authorities,” said AT&T spokesman Marty Richtman. “The conduct alleged was clearly against our code of business conduct, and Mr. Ebrahim is no longer an AT&T employee.”<\/p>\n

An attorney for former Silicon Valley sales manager James Fleishman, who is imprisoned on conspiracy charges, identified Ebrahim as a PGR consultant in court documents last year.<\/p>\n

The case is U.S. v. Alnoor Ebrahim, U.S. District Court for the Southern District of New York, case number unknown.<\/p>\n

Related articles<\/strong><\/p>\n

Celestica to stop producing for RIM<\/strong><\/a><\/p>\n

Apple given chance to head off Motorola patent case<\/strong><\/a><\/p>\n

RIM shares dip after minor reshuffle<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A former AT&T employee admitted on Monday to sharing company secrets such as sales numbers for Apple Inc’s iPhone to traders who illegally bought shares on the information.<\/p>\n","protected":false},"author":7,"featured_media":981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,51,137,3218,157,3219],"class_list":["post-15803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-apple","tag-att","tag-leaks","tag-rim","tag-secrets"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=15803"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15803\/revisions"}],"predecessor-version":[{"id":15848,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/15803\/revisions\/15848"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/981"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=15803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=15803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=15803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}