{"id":19533,"date":"2010-12-21T08:05:21","date_gmt":"2010-12-21T12:05:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19533"},"modified":"2010-12-21T08:16:41","modified_gmt":"2010-12-21T12:16:41","slug":"applegate-hedge-funds-were-leaked-ipad-secrets","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2010\/applegate-hedge-funds-were-leaked-ipad-secrets.html","title":{"rendered":"AppleGate: Hedge Funds Were Leaked iPad Secrets"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/Apple-Drip.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-19535\" title=\"Apple Leaks\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/Apple-Drip.jpg\" alt=\"\" width=\"169\" height=\"254\" \/><\/a>New York (HedgeCo.net) &#8211; One of the five research executives arrested by the FBI last week, Walter Shimoon, from Flextronics International, is alleged to have profited illegally from Apple Inc. technology he was privy to, according to a\u00a0criminal complaint.<\/p>\n<p>Shimoon is\u00a0alleged to have been paidover\u00a0$22,000 to share non-public information about the iPad, among other products, with a hedge fund research company, Bloomberg reports.<\/p>\n<p>The Washington Post reports that the other men accused of selling confidential information to hedge funds are James Fleishman, from Primary Global Research, Mark A. Longoria, from Advanced Micro Devices, and Manosha Karunatilaka from Taiwan Semiconductor Manufacturing.<\/p>\n<p>A fifth man, Daniel Devore, formerly an executive with Dell, pleaded guilty to wire fraud and conspiracy to commit wire fraud and securities fraud.<\/p>\n<p>\u201cA corrupt network of insiders at some of the world\u2019s leading technology companies served as so-called consultants who sold out their employers by stealing and then peddling their valuable inside information,\u201d U.S. attorney Preet Bharara said in a statement, according to The Washington Post.<\/p>\n<p>Alex Akesson<br \/>\nEditor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; One of the five research executives arrested by the FBI last week, Walter Shimoon, from Flextronics International, is alleged to have profited illegally from Apple Inc. technology he was privy to, according to a\u00a0criminal complaint. Shimoon [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-19533","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19533"}],"version-history":[{"count":5,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19533\/revisions"}],"predecessor-version":[{"id":19537,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19533\/revisions\/19537"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}