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2024 in Review: Judges Met Out Punishments for Ex-Apple, FDIC, Moody's Legal Leaders


2024 in Review: Judges Met Out Punishments for Ex-Apple, FDIC, Moody's Legal Leaders

A former corporate secretary at Apple ended up with a stiff fine but no jail for trading on insider trading, while a former head of a 450-lawyer team at the Federal Deposit Insurance Corp. received a 20-year prison sentence for sexually exploiting children online.

In-house legal leaders faced the consequences for their wrongdoing on widely varying fronts in 2024 -- from a a former Federal Deposit Insurance Corp. lawyer who sexually exploited children online to a former Moody's general counsel who failed to file tax returns for a three-year span during which he earned $54 million.

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A federal judge ruled in July that former Apple corporate secretary Gene Levoff committed insider trading and ordered him to pay $1.6 million in penalties.

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