Tuesday, June 19, 2012

Former AT&T exec admits selling Apple and RIM secrets to traders

Former AT&T exec admits selling Apple and RIM secrets to traders

. A former AT&T executive on Monday admitted to selling Apple and RIM sales numbers to traders who then purchased shares based on the information, Reuters reported. “I provided insider information concerning AT&T's sales of Apple's iPhone and RIM's Blackberry products, as well as other handset set devices sold through AT&T distribution channels,” Alnoor Ebrahim admitted to U.S. District Judge Paul Oetken in Manhattan. The former employee pleaded guilty to one count of conspiracy to commit wire and securities fraud.

Boy Genius Report , Former AT&T exec admits selling Apple and RIM secrets to traders, Former AT&T exec admits selling Apple and RIM secrets to traders

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