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Tuesday, 19 June 2012 - Ex-AT&T employee admits leaking Apple, RIM info |
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See the best of Reuters photography.  See more  The Afghan front On the frontlines of the war in Afghhanistan.  Slideshow  The Presidential diet President Obama eating things.  Slideshow  Ex-AT&T employee admits leaking Apple, RIM info Tweet Share this Email Print Related News Ex-business titan Gupta guilty of insider trading Fri, Jun 15 2012 Gupta jury sends notes on testimony and conspiracy Thu, Jun 14 2012 UPDATE 2-US says Gupta guilty; defense: "Where's the beef?" Wed, Jun 13 2012 Gupta trial defense asks: "Where's the beef?" Wed, Jun 13 2012 Daughter, old friends testify at Gupta insider trial Mon, Jun 11 2012 Analysis & Opinion Gupta appeal will be ‘very difficult,’ Holwell says On Wall Street, big paychecks do not replace corporate culture Related Topics Tech » Media » Attendees sit in front of an Apple logo during the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012. Credit: Reuters/Stephen Lam NEW YORK | Mon Jun 18, 2012 4:26pm EDT NEW YORK (Reuters) - A former AT&T (T.N) employee admitted on Monday to sharing company secrets such as sales numbers for Apple Inc's (AAPL.O) 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 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. 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. "I provided insider information concerning AT&T's sales of Apple's iPhone and RIM's (Research In Motion Ltd (RIM.TO)) Blackberry products, as well as other handset set devices sold through AT&T distribution channels," Ebrahim told U.S. District Judge Paul Oetken in Manhattan. 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. "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." 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. The case is U.S. v. Alnoor Ebrahim, U.S. District Court for the Southern District of New York, case number unknown. (Reporting By Basil Katz) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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    Other News on Tuesday, 19 June 2012
    Seven killed on Israel's Egypt and Gaza borders |
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    Mexico to join Trans-Pacific Partnership talks |
    Nigeria religious riots kill at least 52 |
    France wants European solution to Sahel crisis |
    Facebook to buy facial-recognition startup: sources |
    Microsoft teases tablet plans |
    NTT Docomo backs Silicon Valley photo-sharing startup |
    Ex-AT&T employee admits leaking Apple, RIM info |
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    Greek conservatives poised to clinch coalition deal |
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    Analysis: Somali rebels bruised, but may dodge knockout blow |
    U.S. alarm as Egypt army undermines election result |
    Japanese authorities sat on data showing radiation spread |
    Chavez rejects poll debate, irking rival |
    Myanmar's president promises second wave of reform |
    Big powers seek progress on day two of Iran talks |
    Eighteen killed as Turkish troops clash with PKK |
    Microsoft tackles iPad with Surface tablet |
    Analysis: Regulator seen conflicted in Nasdaq's Facebook mess |
    Verizon raises FiOS bills, adds higher Web speeds |
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    Radiohead shattered by crew death in stage collapse |
    Pakistan Supreme Court disqualifies prime minister |
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    Analysis: No light at end of Egyptian tunnel for Israel |
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