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SEC Charges Amazon Finance Manager and Family With Insider Trading

By Mark H. Astarita, Esq.

The SEC charged a former finance manager at Amazon.com Inc. and two family members with insider trading in advance of Amazon earnings announcements between January 2016 and July 2018. The US Attorney's Office also filed criminal charges against the finance manager.According to the SEC's complaint, Laksha Bohra worked as a senior manager in Amazon's tax department, where she prepared and reviewed calculations used to finalize numbers included in Amazon's quarterly and annual earnings that were filed with the SEC. Beginning in January 2016 and continuing through July 2018, Laksha Bohra allegedly acquired, and tipped her husband Viky Bohra with, highly confidential information about Amazon's financial performance. The complaint alleges that Viky Bohra and his father, Gotham Bohra, traded on this confidential information in 11 separate accounts maintained by different members of the Bohra family...continue to full post

Full post as published by SECLaw.com on September 28, 2020 (boomark / email).