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The SEC charged a former Amazon manager and her family with illegally making $1.4 million from insider trading

1 month ago   |   By Business Insider

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The Securities and Exchange Commission charged a former Amazon employee and two of her family members with insider trading on Monday. Laksha Bohra and her family made $1.4 million using the information, the SEC alleged.
Bohra was employed in Amazon's tax department, where she routinely looked at and helped prepare numbers associated with Amazon's quarterly and annual earnings, according to an SEC press release. The SEC said that Bohra tipped off her husband, Viky Bohra, to confidential information about Amazon's earnings from January of 2016 through July of 2018...
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Former Amazon manager and her family charged with insider trading

Former Amazon manager and her family charged with insider trading

1 month ago   |   By Fortune

A senior manager in Amazon's tax department ran an insider trading scheme in which she, along with her husband and father-in-law, made $1.4 million buying and selling stocks and options ahead of the company's earnings announcements.
The Securities and Exchange Commission shared details of the scheme on Monday in a press release describing the misconduct of 36-year-old Laksha Bohra and her family. The Bohras do not dispute the accusations, and are also facing criminal charges from the U.S. Justice Department.
The SEC's legal complaint describes how the family used 11 separate stock-trading...
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Former Amazon manager made $1.4 million from insider trading, SEC alleges

1 month ago   |   By CNBC

The commission alleges that Laksha Bohra, who worked as a senior manager in Amazon's tax department, had access to confidential information from Amazon ahead of the company's quarterly and annual earnings reports.
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